Orc Corporate Governance

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Corporate Governance

March 9 2012, was the last day of trading in Orc shares on NASDAQ OMX Stockholm and the company was delisted.

Shareholders

Shareholders primarily exercise their control at the Annual General Meeting, which is the highest decision making body in the company. At the Annual General Meeting the board of directors is appointed and at this time the shareholders also participate in decisions about other central issues.

For information about the largest shareholders click here.

The board of directors

The board primarily makes decisions about strategic focus, organizational issues and larger investments. Orc’s Board consists of four members. The Annual General Meeting elects all members. The Board consists partly of representatives from the company’s largest shareholders and partly of independent board members. The chief executive officer has a reporting role at the board meetings.

For information about the board members click here.

At each ordinary meeting during the year the board addressed standard topics such as investments, market development, the company’s financial position and other significant issues regarding the company. In addition, matters relating to the annual report, interim reports, the budget and comprehensive matters regarding strategy and world analysis were reviewed. Reporting of strategic, economic and financial matters is carried out by the chief executive officer.

On a yearly basis, the board adopts rules of procedure that are to be used as a control instrument for the work of the board. The rules of procedure primarily define the board’s tasks, the agenda for the board meeting following the Annual General Meeting and other board meetings, financial reporting to the board, preparations of the tasks of the board, rules for the minutes of the Board meeting and quorum.

MEMBERS OF THE BOARD as of AGM 2012
Per E. Larsson (Chairman of the Board)
Fredrik Näslund
Christian Frick
Daniel Berglund

Management

Orc 's management consists of:

  • Thomas Bill, Chief Executive Officer
  • Thomas Ljunglöf, Chief Financial Officer
  • Matteo Carcano, President Orc
  • Jesper Alfredsson, VP Product Management
  • Christine Blinke, Chief Marketing Officer
  • Greg Chambers, President APAC 
  • Lee Griggs, President EMEA
  • Joakim Dahlstedt, Chief Technology Officer
  • Martin J. Leamy, President Americas
  • Fredrik Skogby, VP Global Services

For information about the management click here.

Auditor

At the Annual General Meeting held on April 26, 2012, Ernst & Young AB with Auditor in Charge Ola Wahlquist, Authorized Public Auditor, was elected to serve until the Annual General Meeting 2013. Ola Wahlqvist shall be principal auditor until further notice.

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