Ownership
AMB is owned by the Magnusson family, which has run the operation since the company was founded in 1946, and since 1996 by the third generation. Thus the company’s owners are well versed in the business and its markets. The owners’ express ambition is for AMB to continue as a family-owned business, and a valuable presence in the region. AMB’s role in society must be characterised overall by transparency and responsibility.
The company’s overall objective is to gain satisfied, confident, long-term customers and to be an interesting and stimulating workplace for employees. This will be achieved through a combination of sustained growth and high profitability that enables continued investment.
As a family business, there are above all two things that set us apart from others: a forward-looking approach and our family business culture. We seek to build a strong company for the future and create enduring value together. Long-term relationships are much more important to us than short-term gain. Our southern Swedish family business culture is reflected in our methods, which are characterised by common sense, helpfulness and informality where problems are solved as soon as they arise. Ours is a flat, nimble organisation that works together and shows respect for each other – just like a family.
The board
AMB’s Board, 2018. From left to right: Liselotte Welander Melkersson, b. 1966; Håkan Lavebratt (Chairman) b. 1963; Martin Schalling, b. 1958, Olle Lindquist, b. 1942; Tomas Magnusson (CEO), b. 1964; Lars Wilander, b. 1956; Björn Magnusson, b. 1972 and Annika Arvidsson, b. 1984.
Six board members are elected by the Annual General Meeting, and two are employee representatives elected by the members of the two major trades unions. Board members and the Chairman are elected annually at the AGM for the period up until the next AGM. Company executives participate in Board meetings to make presentations or act as experts in specific matters.
The work of the Board is governed by annually adopted rules concerning the internal allocation of work, decision-making procedures within the company, authorised signatories, Board meeting procedures and the duties of the Chairman. The Board has also adopted an instruction concerning the allocation of work between the Board and the CEO.
The Board monitors the CEO’s work and is responsible for the organisation, management and the guidelines for ensuring that the administration of the company’s funds is suitably structured. The Board is also responsible for developing and monitoring the company’s strategies by means of plans and objectives, decisions on acquisitions, major investments and ongoing supervision of the business.
The Chairman leads the work of the Board to ensure that it is performed in compliance with the Swedish Companies Act and other relevant legislation. He monitors operations in consultation with the CEO and is responsible for ensuring that other Board members get the information necessary for high quality discussions and decisions. The chairman is also responsible for evaluating board performance.
Our wholly-owned subsidiaries Tingverken AB and Tingverken Fastighets AB have their own boards.
External auditors
AMB’s auditors are elected by the AGM for a period of one year. Deloitte AB in Emmaboda was re-elected for one year at the 2017 AGM with Mats Häggbring as auditor-in-charge. The company’s auditor reports his observations from the audit and is assessment of the Company’s internal controls to the Board as a whole. In addition to its regular audit duties, Deloitte assists primarily with reviews in connection with acquisitions and advice in accounting issues.
