Board of Directors' work 2016

During the year the Board of Directors held nine meetings (seven scheduled meetings, one statutory meeting and one extraordinary meeting). Regarding attendance please refer to the table on page 49 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 divestments of the car locks business to Japanese ALPHA Corporation, as well as a number of acquisitions, including Trojan, Lighthouse and Bluvision During the year, the Board of Directors conducted in-depth reviews of the Group’s operations in the Entrance Systems Division, APAC division, and Global Technologies division’s Hospitality business unit, and visited the Americas division’s operations in New Haven, Connecticut, in the US.  For a summary of the Board of Directors’ work and committee meetings please refer to 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. 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.