Board of Directors' work 2017

The Board of Directors held twelve meetings during the year. Regarding attendance please refer to the table on page 49 of the Corporate Governance Report.

At the ordinary 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 recruiting a new CEO, a number of acquisitions, including Arjo Systems, August Home and Mercury Security, and the divestment of business operations of AdvanIDe. During the year, the Board of Directors also conducted in-depth reviews of the Group’s operations in the Entrance Systems division, Americas division, EMEA division, and Global Technologies division’s HID Global business unit, and visited the EMEA division’s operations in Birmingham, England. The Board of Directors’ work is summarized in the timeline on pages 48–49 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. The 2017 evaluation focused on the field of skills development for the Board of Directors within ASSA ABLOY’s areas of operation. A summary of the results is reported to the Board of Directors at the board meeting in November. 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.