Policy

A professional Board of Directors is another significant factor for a company’s success. Litorina ensures that a Board of Directors is recruited that consists of seasoned individuals with the appropriate experience, who are able to contribute to the company’s development and offer support and act as a sounding board to the management. The Board of Directors normally includes two or three external Board Members with relevant industry experience — one of whom is appointed Chairman — and two representatives from Litorina. The Board of Directors concentrates on strategic issues and ensures that the company follows the strategic plan that has been agreed between the management and the Board of Directors. The individual Board Members also contribute to the company’s development with their industrial experience and extensive professional and personal networks. 

In addition to board meetings, we find it beneficial to work in smaller, more informal groups, and we hold regular information follow-up meetings with the Chairman and the CEO.  

The management team is fully responsible for the day-to-day operations. However, in situations where Litorina has specific competence, such as in M&A and financing activities, we tend to become more heavily involved.  

It is our ambition to set common objectives and create incentives for all parties involved in the development of a company. We do this by offering ownership incentives to key individuals on the Board of Directors and management team. By ensuring that all decision makers have a common ownership agenda, we create a working environment focused on value creation.  

With Litorina as an owner, a management team gains access to competence, network and capital. As shareholders in the company they run, they are allowed to act with great freedom under responsibility. It is our objective to make it financially rewarding, as well as mind-broadening and stimulating, to be a part of the management team of a Litorina portfolio company.