Anna Malmhake
Board member of Oriflame Investment Holding Plc.
Board member of Oriflame Holding Limited
Board member as of 2022.
Born in 1966.
BSc Stockholm University (Sweden).
Not independent from the company being its CEO.
Alexander af Jochnick
Board member and Chairman of Oriflame Holding Limited.
Board member and Chairman of Oriflame Investment Holding Plc.
Board member of the Oriflame Group as of 2007.
Chairman of the Oriflame Group as of 2014.
Chair of the Remuneration Committee. Member of the Audit Committee.
Born in 1971.
BSc Stockholm School of Economics (Sweden).
Board member of NG Invest Alpha, Beta AB, Credus Management AB, SSE Russia Education AB and af Jochnick Foundation.
Not independent from the company`s major shareholders.
Anna af Jochnick
Board member of Oriflame Holding Limited.
Board member of Oriflame Investment Holding Plc.
Board member of the Oriflame Group as of 2018.
Born in 1980.
Master of Laws (LL.M), Major in Business Law Lund University (Sweden).
Board member Viceroy AB, Jonas Christina af Jochnick Foundation.
Not independent from the company or its major shareholders
Per Hesselmark
Board member of Oriflame Holding Limited.
Board member of Oriflame Investment Holding Plc.
Board member of the Oriflame Group as of 2019.
Born in 1971
Member of Audit Committee. Member of Remuneration Committee.
MSc in Business and Economics from the Stockholm School of Economics.
Holds various Board positions.
Not independent from the company`s major shareholders.
Nick Wharton
Board member of Oriflame Holding Limited.
Board member of Oriflame Investment Holding Plc.
Board member of the Oriflame Group as of 2022.
Chair of the Audit Committee.
Born in 1966
Chartered Accountant. Previously CFO of Pepco Group NV, Superdry plc and Halfords Group plc and CEO of Dunelm plc.
Non-Executive Director AG Barr Plc.
Non-executive Director and Chair of audit at Mears Group Plc
Independent from management and the company’s major shareholders.
Anders Dahlvig
Board member of Oriflame Holding Limited.
Board member as of 2010.
Born in 1957.
BSc Lund University (Sweden), MA Economics University of California (US).
Chairman of the Board of Inter Ikea Holding BV. Board member of Hennes & Mauritz AB.
Independent from the company and its major shareholders.
The Board is ultimately responsible for the management of the Company's affairs. The Board also monitors the performance of the obligations of the CEO, CFO and Deputy CEO, is responsible for ensuring that the Company's organisation fulfils its purpose, and conducts continuous evaluations of the Company's procedures and guidelines for management and investment of the Company's funds.
The Board has established rules of procedure which set forth how and when the Board convenes, and include instruction for the allocation of duties and responsibilities within and between the Board and the Executive Management. The rules of procedure also contain instructions for financial reporting and set forth how reporting to the Board is to proceed.
Oriflame's Board members are appointed at the Annual General Meeting and, unless re-elected, remain in office for a term of one year.
In accordance with Oriflame's Articles of Association, the Board shall consist of not less than two Board members without deputies. Currently, the Board consists of six members. The Board consists of principal shareholders and persons independent of such shareholders. The CEO is also a member of the Board.
According to the rules of procedure, the Board shall convene no less than four times per year. At least one of the meetings each year is a strategy meeting, where the strategy of the Company Group for the coming years is reviewed.
The Board meetings usually begin with a discussion of the business and financial performance of the Group. The various financial reports and the Annual Report are reviewed and approved before being published. Other topics discussed at Board meetings include general strategies, overall business reviews, long and short-term targets, human resources, investments, capital distribution, compliance and remuneration. At the end of each year, the CEO and the CFO present the target and budget proposition for next year to the Board, who then reviews and discusses the proposal during one or several Board meetings. Following discussions and eventual adjustments, the Board approves the target.
The Board members participate in all discussions. Board members may vote and deliberate on a motion in which they have a conflict of interest provided such conflict is disclosed in advance. Board members shall declare the nature of any conflict of interest prior to deliberating and voting on the issue.
The CFO is generally invited to all Board meetings, and always to the Board meetings approving the quarterly results. Other members of the Oriflame management are from time to time invited to meetings with the Board in order to present issues related to their specific areas of responsibility. Auditing and Internal Control issues are carefully considered by the Audit Committee and then reported to the Board of Directors. The auditors are invited to all regular Audit Committee meetings. At least once per year the Board meets with the auditors without the CEO or other members of senior management being present.