Corporate governance

Articles of association

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Adopted at the extra General Meeting on June 24, 2019

Nomination Commitee

In accordance with the decision at the annual general meeting in 2018, the shareholders have appointed Mia Batljan (chairman), Rikard Svensson, Sven-Olof Johansson and Lennart Schuss to constitute the nomination committee until a new committee has been appointed as mandated by the annual general meeting in 2019.

Risk and risk management

The real estate sector is affected by macroeconomic factors such as the economic trend, growth, employment, the degree of new builds, infrastructure, population growth, inflation and interest rates. In a poorer economic climate, the value of the company’s properties may decline.

The company’s revenues consist of rent payments for homes and premises. If the rental level of homes and premises decreases, the company’s revenues will decline. Revenues could also decline if the payment ability of the tenants in the properties deteriorates, leading to failure to pay rent. The company’s costs of managing the properties depends on the general cost trend in Sweden. The company’s interest-bearing liabilities give rise to liquidity, refinancing and interest-rate risk. ‘Liquidity and refinancing risk’ refers to the risk of inability to obtain financing at maturity, or only at a substantially higher cost, and inability to honour payment obligations due to insufficient liquidity. ‘Interest-rate risk’ refers to altered market terms potentially leading to higher financing costs.

Auditors

The auditor shall, according to the Swedish Companies Act, review the company’s annual report and book-keeping, and the administration of the board of directors and CEO. After each financial year, the auditor shall submit an audit report to the AGM. Besides contacts with the audit committee, the auditor reports both the audit plan for the year and comments on the year-end report to the board of directors. The auditor is appointed at the Annual General Meeting every year.
Ernst & Young AB has been elected auditing firm.
Ingemar Rindstig is the Authorised Public Accountant for Samhällsbyggnadsbolaget.

Board of directors

Lennart Schuss Chairman of the Board

Ilija Batljan Board Member, CEO

Sven-Olof Johansson Board Member

Fredrik Svensson Board Member

Hans Runesten Board Member

Eva Swartz Grimaldi Board Member

Anne-Grete Strøm-Erichsen Board Member

For further information, see Organisation

Executive Management

Ilija Batljan CEO

Lars Thagesson Deputy CEO, COO

Krister Karlsson Deputy CEO, Head of Property Development

Oscar Lekander Head of Business Development

Rosel Ragnarsson Head of Finance

Eva-Lotta Stridh CFO

Adrian Westman Head of Investor Relations

For further information, see Organisation