Annual Report 2011 - Skanska

Attendance of Board and committee meetingsMemberBoardmeetingsAuditCommitteeCompensationCommitteeProject ReviewCommitteeNumber of meetings 9 5 7 13Sverker Martin-Löf 9 5 6 10Stuart E. Graham 9 5 7 13Finn Johnsson 1 2Johan Karlström 9 13Fredrik Lundberg 2 7 9Sir Adrian Montague 8 11Lars Pettersson 9 7Josephine Rydberg-Dumont 9Charlotte Strömberg 9 5Matti Sundberg 9 10Richard Hörstedt 9Inge Johansson 9 12Jessica Karlsson 9Roger Karlström 9Ann-Christin Kutzner 1) 2Thomas Larsson 2) 6Alf Svensson 3) 7Anders Fogelberg 4) 21 Until April 5, 2011 2 From April 5, 2011 3 Until October 1, 2011 4 From November 8, 2011Operational management and internal controlThe President and CEO and the Senior Executive TeamThe President and Chief Executive Officer (CEO) is responsible forday-to-day management and oversight of the Group’s operations.The work of the President and CEO is specially evaluated at one Boardmeeting each year at which no senior executives are present. The Presidentand CEO and the eight Executive Vice Presidents form the SeniorExecutive Team (SET). The Company’s Procedural Rules stipulate thatif the President and CEO cannot fulfill his duties, these duties devolveupon the Chief Financial Officer (CFO), or in his or her absence theExecutive Vice President with the longest period of service in thisposition. For information on the President and CEO and the SeniorExecutive Team, see page 182. The President and CEO has no businessdealings of any significance with Skanska AB or its Group companies.He owns no shares in companies that have significant business dealingswith companies in the Skanska Group.Group staff units and support unitAt Skanska Group headquarters in Solna, Sweden, there are Groupstaff units plus the support unit Skanska Financial Services AB. TheGroup staff units and support unit assist the President and CEO andthe Senior Executive Team on matters concerning Groupwide functions,coordination and controls.In addition, they provide support to the business units. The head ofeach Group staff unit, aside from the head of Internal Audit and Compliance,reports directly to a member of the Senior Executive Team.The head of Internal Audit and Compliance reports to the Board via itsAudit Committee. A presentation of the Group staff units and supportunit is found on page 183.The business units and their governanceThe organizational structure of the Skanska Group is characterized byclear decentralization and a large measure of delegation of authorityand responsibility to the business units. Each business unit is headedby a President and has its own staff units and other resources in orderto conduct its operations effectively.Skanska’s management structureSenior Executive TeamJohan KarlströmPresident and CEOPeter WallinEVP and CFORichard HultinEVPClaes LarssonEVPKarin LepasoonEVPMichael McNallyEVPVeronica RörsgårdEVP andHuman ResourcesRoman WieczorekEVPMats WilliamsonEVP◀◀◀◀◀◀◀◀SkanskaFinancialServicesSkanska ResidentialDevelopmentNordicSkanska SwedenStrategySkanskaUSA BuildingHuman ResourcesSkanskaCzech RepublicSkanska UKControllingSkanska ResidentialDevelopmentUKSkanska NorwayCommunicationsSkanskaUSA CivilSkanska PolandSkanskaInfrastructureDevelopmentCorporate FinanceSkanska ResidentialDevelopmentPolandSkanska FinlandInvestor RelationsSkanskaLatin AmericaSafetyand EthicsReportingSkanska ResidentialDevelopmentCzech RepublicSkanskaCommercial PropertyDevelopmentNordicInformationTechnologySkanskaCommercial PropertyDevelopmentUSAInternal Audit andComplianceSkanskaCommercial PropertyDevelopmentEuropeSustainableDevelopment andGreen ConstructionLegal AffairsBoKlokGreen BusinessOfficerRiskManagementXchangeKnowledgeManagementBusiness unitGroup staff unit/support unitSkanska Annual Report 2011 Report of the Directors 91