Board of Directors

The Board of Directors consists of nine directors elected at the annual general meeting.

Six of the members are nominated by the Höegh owners and three are nominated by A.P. Moller-Maersk A/S. Among its tasks, the Board of Directors establishes the group’s overall objectives and strategies, resolves budget and business plans, considers and approves financial statements and quarterly financial reports, monitors the financial development, establishes policies and resolves issues with strategic implications and material consequences. The work of the Board is scheduled in an annual plan with fixed information and decision points. The Board of Directors makes major decisions and establishes and defines authorities and to what extent decisions will be resolved by the business unit, the CEO or the Board of Directors as outlined in the Company's decision guides.

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