The Board is entrusted with the ultimate direction of the business, setting strategy and vision and providing supervision of the Management.
Swiss Energy Partners has a two tier governance structure consisting of:
- a Board of Directors comprising a minimum of three and a maximum of five members (including the Chairman) all of whom are non-executive, and
- a Management Committee
The Board is entrusted with the ultimate direction of the business, setting strategy and vision and providing supervision of the Management. The Board delegates executive management to the Management Committee of Executive Directors.
Board members are elected by rotation at The Annual Shareholders’ Meeting, for a maximum period of three years in any given year. No more than one third of all the directors can be reappointed. Directors are appointed to and removed from The Board by a shareholders’ resolution.
The Board represents the company towards third parties, and manages all matters that have not been delegated to another body of the Company by law or constitutional/organisational rules.
The Board’s responsibilities include:
- Increasing shareholder returns sustainably through asset and capital allocation and portfolio management
- Setting the risk profile and risk return targets, and
- Setting the acquisition and disposal strategy
The Board is required to meet regularly (at least four times) throughout the year. All necessary information is supplied to the Directors – by the executives – on a timely basis to enable them to discharge their duties effectively. A formal schedule of matters is reserved for consideration by the Board, and other matters are delegated to Board committees. Each director is expected to attend all meetings of the Board and those committees on which he or she serves.