Composition of the Board of Directors
The current Board of Directors consists of eleven Directors elected by the shareholders. It also consists of three employee representatives with deputies. Directors serve from the close of one Annual General Meeting to the close of the next, but can serve any number of consecutive terms.
The President and CEO may be elected a Director of the Board, but, under the Swedish Companies Act, the President of a public company may not be elected Chair of the Board.
Independence
The Board of Directors and its Committees are subject to a variety of independence rules under applicable Swedish law, the Swedish
Corporate Governance Code and applicable US securities laws, US Securities and Exchange Commission rules and the Nasdaq Stock Market Rules as a foreign private issuer. Ericsson can rely on exemptions from certain US and US Securities and Exchange Commis
sion requirements and may decide to follow Swedish practices in lieu of some Nasdaq Stock Market independence rules.
The composition of the Board of Directors meets all applicable independence criteria.
Committees of the Board of Directors
The Board of Directors has currently established four Committees: the Audit and Compliance Committee, the Finance Committee, the Remuneration Committee and the Enterprise Business and Technology Committee. Members of each Committee are appointed for one year from amongst the Board members.
The main task of the Committees is, and the Board has authorized each Committee, to provide focused Board oversight on their relevant subject matters, and to review such matters prior to any resolution by the Board. The Board may also, on occasion, resolve on an extended authorization for one or several Committee(s) to resolve on additional specific matters outside of the ordinary authorization. If deemed appropriate, the Board of Directors and each Committee have the right to engage independent external expertise, either in general or with respect to specific matters.
The minutes from the Committee meetings are made available to all Board members and the
Chair of the Committee reports on the work of the Committee at Board meetings.
More information about the Board Committees and their work during the last financial year can be found in the Corporate Governance Report 2025.