Board of Directors' work 2024

The Board of Directors held nine meetings during the year (of which two were by correspondence). Regarding attendance please refer to the table on page 53 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. Key issues addressed by the Board during the year include the Group’s strategy and sustainability issues, including new regulations on sustainability reporting. The Board also discussed a number of acquisitions, including Nomadix and Global Reach, Wesko Locks, Skidata, Level Lock, Lawrence Doors, IXLA, Premier Steel Doors and Frames, 9Solutions and Norshield Security Products. The Board also discussed the divestment of the Citizen ID business to TOPPAN. During the year, the Board also met with divisions operating in Europe in the context of a Board meeting in France, which also included a visit to one of the Global Technologies division’s HID business unit’s operations in France. The Board of Directors’ work is summarized in the timeline on page 53 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.