The Millicom Board

The Board has adopted procedures that allocate responsibility between the Board and the President and Chief Executive Officer (“the CEO”). The Chairman has discussions with each member of the Board regarding these procedures, and there is an annual evaluation of the Board's own work. The other members of the Board evaluate the performance of the Chairman each year.

The Board also evaluates yearly the performance of the CEO. The main task of the Board committees (Audit, Compensation, and Compliance and Business Conduct) is to work on behalf of the Board within their respective areas of responsibility. From time to time, the Board delegates authority to an “ad hoc” work group so that it may resolve a specific matter on its own without having to go before the full Board for approval.

The Board of Directors has adopted a corporate policy manual which is Millicom's central reference for all matters relating to its corporate policies on governance and other matters. Regional policies that are more stringent or detailed than those set out in the corporate policy manual are adopted as necessary.

The Company’s Code of Ethics is a part of the corporate policy manual. All senior managers and members of the Board of Directors, must sign a statement acknowledging that they have read, understood and will comply with the Code of Ethics.

>For further information on Board members