Board activities 2007

The Board of Directors held a statutory meeting immediately following the Annual General Meeting.

During 2007, the Board met 11 times. The Board visited a number of the Group’s subsidiaries in different constellations during 2007 to gain deeper insight into the Group’s operations.

The Board’s activities during the year included the following:

• January/February – Financial accounts, Annual Report, meetings with auditors, evaluation of the President’s administration.
• Spring/autumn – Establishment of the Board of Director’s work procedures and the instructions for the President, as well as strategic and organizational issues, long-term investment plans.
• November/December –Finance policy, budget review. Time schedule for forthcoming year. In connection with the spring’s strategy reviews, the various division managers are given an opportunity for a more in-depth presentation of their operations.