Board of Directors

The board of Novotek AB consists of the following five persons.

	Göran Andersson Bjärred, born 1944. Chairman Board member since 1986 and chairman since 2006.  Shares in Novotek: indirect holding corresponding to 1 267 000 A-shares and 840 000 B-shares together with 1 500 B-shares.
	Claes Lindqvist Viken, born 1950. Board member since 2006. Former CEO at Höganäs AB.  Other Board of Director assignment: Board member of Trelleborg AB, Svenska Handelsbanken Södra Regionen, Dunkerska stiftelserna, Konstruktionsbakelit AB and SIMI. Shares in Novotek: 10 000 B-shares.
	Fredrik Svensson Västerås, born 1961 Board member since 2011. He currently works as Managing Director of AB Arvid Svensson. Other Board of Director assignment: Chairman of Case Investment AB. Member of Balder AB Dagon AB, United Logistics AB and Tenzing AB. Shares in Novotek: indirect holding via Arvid Svensson Invest AB of 2 635 000 B-shares.
	Ingvar Unnerstam Bjärred, born 1946. Board member since 1986. Shares in Novotek: 21 400 B-shares.
	Olof Sand Västerås, born 1963. Board member since 2010. CEO at PROACT, an IT- integrator focused on archiving and storage of large amount of information. Olof was previously a co-founder of Acando. He has also been CEO at ABB Communications as well as vice president at Tele2. Shares in Novotek: 8 000 B-shares.

The work of the board
On a yearly basis the board revises and decides on a work order for the board and the CEO and managing director. The work order states the work of the board and the spilt of the work between the board and the CEO and managing director. It also states how the board meetings shall be conducted and documented. According to the work order Claes Lindqvist has a special responsibility for reviewing information to the Stock exchange and media before publication. Ingvar Unnerstam has a special responsibility to monitor the state of the administration and the financial reports.

Nominating committee

The purpose of the nominating committee is to nominate board members and suggest remunerations for the board. The current nominating committee consists of Fredrik Svensson representing Arvid Svensson Invest AB, Ingvar Unnerstam and Göran Andersson, principal owner. Chairman is Göran Andersson. According to the invitation to the annual general meeting it is stated that the board jointly should nominate a new member of the nomination committee if a current member leave the committee before the end of the election period. Suggestions to the nominating committee are to be sent to goran.andersson@novotek.com or by using telephone number +46 736 33 89 06

Nominating committee report considering the board election

"A company needs to have a versatile board structure. The size of the board of directors should be kept as low as possible, especially in a small company as Novotek. Novotek has decided that the board members should have as much as possible different focus and reflect the company’s needs. Consequently the board of directors have the following structure, experience and special responsibility.

The Chairman of the board Göran Andersson, MSc. Eng, has CEO experience from SattControl AB and Novotek, has founded Novotek and accomplished many acquisitions.

Claes Lindqvist, both MSc. Eng and MSc. Econ, has CEO experience from Höganäs AB and other listed companies and has as special responsibility to review information to the Stock exchange and media before publication.

Fredrik Svensson, MSc. Econ, is managing director of AB Arvid Svensson, an investment company who is the biggest shareholder in Novotek. Fredrik has experience from the business through IBS and has a wide network as board member in a number of group- and associated companies and in listed companies as Balder, Dagon and Klövern

Ingvar Unnerstam, MSc. Econ, is a business consultant mainly in smaller companies and with his experience he is contributing in monitoring the administration and its development and precision.

Olov Sand has extensive experience, with proven record, from other companies similar to Novotek. His experience includes both entrepreneurial activities and consultancy. At present Olov is CEO for Proact, an international listed IT company."

Corporate Governance Report

 Download the Report 2010 » (Only in Swedish)

Insiders

The persons listed below hold an insider position within Novotek. For registered insider trading in Novotek, see the Swedish Financial Supervisory Authority (Finansinspektionen).

Members of the board:
Göran Andersson, chairman
Ingvar Unnerstam
Claes Lindqvist
Fredrik Svensson
Olof Sand

Management group:
Tobias Antius, CEO and Managing Director
Jonas Hansson, CFO
Torbjörn Johansson, CTO
Per Eiland, Director Novotek A/S (Denmark) 
Antti Kaikkonen, Director Novotek Oy (Finland)
Bjørn Inge Olsen, Director Novotek AS (Norway)
Mart Scheepers, Director Novotek B.V. (Holland)

Auditors:
Mats-Åke Andersson, Mazars SET Revisionsbyrå
Martin Gustafsson, Mazars SET Revisionsbyrå

Audit & Auditors

Auditors are appointed by the general shareholders meeting for a period of four years. The task of the auditors is to review the company's annual report and accounts and the Board of Directors' and Chief Executive Officer's administration on behalf of the stockholders. Novotek adopted International Financial Reporting Standards (IFRS) from 2005 onwards. Auditing annual reports, Consolidated Financial Statements and accounts, and the Board of Directors' and Managing director's administration are conducted in accordance with generally accepted auditing principles in Sweden.

Legislature & articles of association

Novotek shall apply Swedish trade law, rules and recommendations that follows of the listing at the Nordic stock exchange OMX and other laws applicable in the countries that Novotek has subsidiaries. Other than that Novotek has to follow the rules given by the articles of association of Novotek. The articles of association are given and decided by the general shareholders meeting and shall contain mandatory information about the basic management of the company. For example it will contain what kind of business the company shall conduct, the size of the share capital, number of shares, the size of the board and how the general shareholder meeting shall be called.
Read the articles of association » (Only in Swedish)