24.11.2021 9:22 | KIND SDB 105.90 SEK EN / SV BOARD OF DIRECTORS Work of the board The governance of the Kindred Group lies with the Board The Board is responsible for setting the overall Group strategy and direction including budget, capital structure, material contracts, acquisitions, joint ventures, corporate governance and Group policies. The Board and its committees have written terms of reference which include working procedures. The Board has also issued written instructions to the CEO, including delegation policy. At least once per year, the Board reviews the relevance and appropriateness of the terms of reference and the reporting structure and instructions. The Board has a standard agenda, including reviewing and considering reports from the CEO, the CFO and the Audit and Remuneration Committees. Sustainability The Board of Directors has established relevant guidelines on the topic of sustainability for the Group, with the aim of ensuring its long-term capacity for value creation. Sustainability for the Kindred Group has a number of certain aspects: Responsible gambling Maintaining integrity Running a compliant business Being Kindred Contributing to our communities The Board’s work during 2020 The Board and its Committees usually meet every second month throughout the year. The number of Board and Committee meetings attended by each of the Directors during the year can be seen in the table below. Due to COVID-19, all meetings have been virtual since March 2020. At all meetings, the CEO reports on the business developments and operations. The Chief Legal and Compliance Officer reports on legal trends in the gaming market and the Group Risk Manager reports annually on the risk aspects of the business. Annually, the Head of Internal Audit reports to the Board concerning key findings and recommendations for the year. Members of the Executive Committee and other senior managers also attend meetings, when relevant, to update the Board on their areas of responsibility and to discuss future plans. The key items arising at Board meetings in 2020 were matters related to innovation, information technology, product management, strategy and business plans, budgets, forecasts, key policies and the new regulations in the Netherlands and the USA. To closer monitor the development in the USA, the Board has appointed Peter Boggs and Gunnel Duveblad to its US Committee. At all the meetings, the Board also considered the potential implications of COVID-19 on the Group and measures to control its impact. Due to the uncertainty caused at the time by COVID-19 and to ensure that Kindred was well capitalised for future investment opportunities, the Board also decided to change the previously communicated proposal on the 2019 dividend and recommended at the 2020 AGM that no dividend be paid, which was accordingly upheld. . Board1 Audit Committee Remuneration Committee Number of meetings held during the year 17 6 5 Name Anders Ström, Chairman 17 / 17 – – Hélène Barnekow2 5 / 5 - – Peter Boggs 16/ 17 – 5/ 5 Gunnel Duveblad 17/ 17 6 / 6 – Erik Forsberg 15 / 17 6 / 6 – Stefan Lundborg3 15 / 17 – 5 / 5 Carl-Magnus Månsson 17 / 17 – 5 / 5 1. The Board meetings tabled above consist of physical Board meetings and meetings held via conference call. The Board holds quarterly calls to review and approve the results of the Group and receive reports from the Audit Committee. 2. Hélène Barnekow resigned from the Board of Directors at the 2020 AGM in May. 3. On 3 December 2020, Stefan Lundborg resigned from his role as non-executive Director at Kindred Group with immediate effect. Share You may also like The Share Internal control Cookie policy Privacy notice Subscribe to press releases & financial reports Calendar 09 FEB 2022 Add to Calendar Kindred Group plc publishes Q4 2021 at 7:30 CET on 9 February 2022. Kindred Group plc is registered in Malta with company number C-39017. Registered office: c/o Camilleri Preziosi, Level 2, Valletta Buildings, South Street, Valletta VLT 1103, Malta. We use cookies. Kindred Group uses cookies and related technologies to improve the way our site functions for you as a visitor. A cookie is a text file that is stored on your device. We use these text files for functionality such as to analyse our traffic or to personalised content. To change your settings or for more details on cookies click on learn more. Accept Learn more