CEO
Anders Kumlin is the Spotlight Stock Markets chief executive officer (CEO). The CEO is, along with the company’s executive vice president and CFO, responsible for, among other things, the company’s internal corporate governance, compliance, legal affairs, economics and the management external control functions.
CFO
Mikael Renck is the Company’s chief financial officer (CEO). The CFO is responsible for, among other things, the bookkeeping of the Group, annual and half-yearly financial statements, monthly financial statements, declarations, reporting to the Swedish Financial Supervisory Authority (Finansinspektionen) and the current registration of invoices and payments. The CFO is directly subordinate to the Company’s executive vice president.
Head of Surveillance
Anna Swanér is Head of Surveillance for Spotlight. In her role as the head of Spotlight’s market surveillance, Anna Swanér has no responsibility for results and is not assessed on any quantitive basis. She will only work to conduct sound and service-oriented market surveillance.
The three lines of defence
Spotlight is a securities company under the supervision of the Swedish Financial Supervisory Authority (Finansinspektionen). As a result, specific requirements are imposed on the company’s coprorate governance and compliance.
Spotlight’s risk management is structured according to a three lines of defense model, where all levels have a responsibility to prevent, monitor, and manage potential risks in accordance with established governance documents.
The first line of defense, which owns the risks within the company’s operations, including the risk of non-compliance, consists of the business-driving activities and their support functions. This first line is therefore responsible for the primary management of both operational risks and regulatory compliance.
The second line of defense includes the compliance and risk control functions, which operate independently from the business activities. These functions are responsible for ensuring that the first line adheres to internal and external regulations. Additionally, the second line supports the first line in coproate governance and compliance efforts, working proactively to create a satisfactory and effective control environment within the company.
The head of the company’s risk control function is provided externally through a service agreement with Jörgen Tenor at SE Compliance AB, who reports directly to the company’s board of directors.
The head of the company’s compliance function is provided internally within the group by Teresia Snäckerström at Spotlight Group AB, who also reports directly to the company’s board of directors.
The third line of defense consists of the internal audit function. The primary purpose of the internal auditor’s review is to ensure that the regulations governing the company’s operations are observed and that any identified discrepancies are addressed as soon as possible.
The company has engaged Advisense AB via a service agreement to handle the internal audit function.
