The relationship between the Board and the President is governed by the rules of procedure and a supplementary instruction for the President. The President is responsible for day-to-day management and operational control as well as drafting proposals for business plans, business controls, the Group’s financing, capital structure and risk management. The instruction for the President also governs quorums and delegation rights. It is the duty of the President to report at every Board meeting on the company’s financial position and development as well as provide all Board members and auditors with monthly financial reports.
Cision’s operations are organized in three regions: Nordic & Baltic, Rest of Europe and North America. In addition, an international specialist function, Cision Global Solutions, is the Group’s resource, working together with the regions, to develop and offer solutions for major international clients.
Cision’s organization is based on the principle of decentralized responsibility and authority. The regions have full responsibility for managing and developing their operations and services in accordance with the Group’s strategic direction and overall objectives. Control of the regions is based on a scorecard with three-year targets as well as annual business plans based on Group-wide strategies. Based on the Group’s overall financial objectives, objectives have been set for each region for organic growth, operating margin (EBIT) and operating capital.
To achieve profitable growth, Cision combines the benefits of a decentralized organization with the economies of scale that the Group’s size offers. Economies of scale can be achieved mainly in business and service development, IT development and operation, centralized purchasing and coordination of outsourcing in production. Central coordination is organized through the Group staffs for IT, Finance, Purchasing & Sourcing, Corporate Communications and HR.
Group Management consists of the CEO, Regional Directors for Nordic & Baltic, the UK, Germany and North America, the head of Cision Global Solutions and the heads of Group staffs. Group Management is responsible for ensuring that Cision is managed and develops in accordance with the strategy laid down by the Board and in other plans and objectives that have been adopted. Group Management is also responsible for utilizing economies of scale and synergies, and for ensuring that shared experience and best practices contribute to more efficient business processes.
Senior Management