Board of Directors
The Board of Directors is composed of four members elected by the General Meeting. Management considers the composition of the Board of Directors to be appropriate relative to the Company’s current activities and requirements. In Management’s opinion, the current members of the Board of Directors have the financial, strategic and commercial expertise required by an international business such as TK Development. The members of the Board of Directors are elected at the General Meeting of shareholders to serve for a term of one year at a time. Retiring members are eligible for re-election.
The Board of Directors’ competencies cover a wide spectrum, including strategic management, international relations, capital structure, the property sector, the retail trade, risk assessment and control, investor relations, business development, urban development, architecture and design as well as accounting, financial and legal expertise.
The Board of Directors considers all its members to be independent of the Company.
