The overall objective of ice group's corporate governance policies is to meet shareholders’ demands for returns on their invested capital as well as the long-term health and overall success of the business.
Corporate governance within the group is mainly based on the Companies Act, other applicable laws and regulations, the Company’s Articles of Association and Ice Group's internal governance documents. The governance of Ice Group is also designed to support the group's business model, where decisions are made at as local a level as possible, in the most effective manner possible.
The Annual General Meeting, the Board of Directors and the CEO are the main governing bodies of Ice Group:
The Annual General Meeting (AGM) is the company’s highest decision-making authority and serves as the forum through which the group's shareholders exercise their influence over the business.
The Board of Directors, who is elected by the shareholders, is ultimately responsible for the strategy and the organization of the group and the management of its operations
The CEO, appointed by the Board of Directors, is responsible for handling the day-to-day management of the group in accordance with instructions from the Board. The CEO is supported by the Group Executive Management team.
The external auditor of Ice Group is appointed at the Annual General Meeting.
Ice Group believes in adhering to responsible business practices and practicing good corporate citizenship. Promotion, adoption and effective implementation of guidelines for the responsible conduct of business and business relationships are consistent with the fiduciary responsibility of protecting long-term investment interests.