Composition, responsibilities and duties of the Board

TeliaSonera's Board of Directors consists of seven members elected by general meetings, serving one-year terms, and three employee representatives from the Swedish operations. The 2006 AGM elected Tom von Weymarn as Chairman of the Board.

An additional Finnish employee representative is present at Board meetings but without voting rights.

The members elected by the AGM are considered to be independent in relation to the company and to the shareholders.

The Board of Directors is responsible for the company's organization and the management of the company's business, which means that the Board of Directors determines the Group's general strategy and makes strategic decisions of greater importance.

The Board of Directors appoints the Chief Executive Officer, CEO, and issues guidelines for the management of the Group.

The guidelines for the work of the Board of Directors are set down in standing orders. The standing orders contain rules regarding the number of ordinary Board meetings (at least five ordinary meetings per calendar year), the agenda of ordinary Board meetings, responsibilities within the Board, including the obligations of the Chairman of the Board, responsibilities of members of the Board and the CEO, and how work is carried out in committees.