Board of Directors' work 2025

The Board’s work is conducted primarily within the framework of formal Board meetings and meetings of the Board’s Committees. In addition, ongoing contact is maintained between the Chairman of the Board and the CEO to discuss operations and developments. The Board held ten Board meetings during the year (three of which were by correspondence). Regarding attendance please refer to the table on page 58 of the corporate governance report.

At the ordinary Board meetings the CEO reported on the Group’s performance and financial position. Key focus areas for the Board of Directors during the year included the Group’s strategy, with a particular focus on emerging markets and operational resilience, cyber and information security issues, and sustainability issues, including sustainability reporting. The Board also addressed the new restructuring program (MFP 10) as well as a number ofacquisitions, including InVue, Senior Architectural Systems, Gesellschaft für Sicherheitstechnik, Pedestal PRO, TeleAlarm Group, Kingspan Door Components, Calmell, Metal Products, Door System, International Door Products, and Sargent and Greenleaf. During the year, the Board of Directors visited the Americas division’s operations in the US. The Board of Directors’ work is summarized in the timeline on page 58 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 presented to the Board of Directors. Board members who wish can access the complete results of the evaluation. The Chairman of the Board of Directors presents the complete results of the evaluation to the Nomination Committee.