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Board's responsibility for the share ledger

Board's responsibility for the share ledger

The board's responsibility for the share ledger means ensuring it is kept, retained and made available.

What is the board's responsibility for the share ledger?

Under the Swedish Companies Act, the board of directors must ensure that the share ledger is kept, retained and made available. The work can be delegated to an authorized person, such as an accountant, but the board keeps ultimate responsibility.

 

What the responsibility means in practice

The board should regularly check that events are entered without delay and that the ledger is retained even after dissolution. Shortcomings can have consequences, see failure to keep a share ledger. Access control makes this easier.

Learn more about the digital share ledger
Henrik Kristensen, NVR
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Related terms

Share ledger

A share ledger is a record of a company's shares and who its shareholders are.

Board of directors

The board of directors is the body elected by the general meeting to manage the company.

Failure to keep a share ledger

Failure to keep a share ledger means a company does not keep its share ledger or make it available.

Authorized person (share ledger)

An authorized person is someone entitled to enter or change information in the share ledger for the company.