Board of Directors' work 2015

During the year the Board of Directors held ten meetings (six scheduled meetings, one statutory meeting and three extraordinary meetings). 
Regarding attendance please refer to the table on page 73 of the
Corporate Governance Report.

At the scheduled board meetings, the CEO reported on the Group’s performance and financial position, including the outlook for the coming quarters. Acquisitions and divestments were also discussed to the extent they arose.

More important matters dealt with by the Board of Directors during the year comprised a number of acquisitions including Quantum Secure, Flexim, Papaiz, Udinese, CEDES and Nergeco. During the year, the Board of Directors conducted an in-depth reviews of the Group’s operations in Americas division and APAC division and visited EMEA and Entrance Systems division's respective operations in Gothenburg, Sweden. For a summary of the Board of Directors’ work and committee meetings please refer to the timeline on pages 72- 73 of the Corporate Governance Report.

An evaluation of the Board of Directors’ work is conducted annually in the form of a web-based survey, which each board member responds to individually. A summary of the results is reported to the Board of Directors at the board meeting in February. Board members who wish can access the complete results of the evaluation. The Secretary to the Board of Directors presents the complete results of the evaluation to the Nomination Committee.