Board meetings during the year
The COVID-19 pandemic and its consequences has characterized the work of the Board, in that a large and heavy weight has been placed on managing the operations in the best possible way, while also adhering to the recommendations of the authorities.
The Board has continuously worked to assess and decide on measures, effects, and consequences for the operations due to the pandemic. Further, the Board has focused on maintaining the Company’s strong financial position in order to ensure a liquidity buffer, but also to enable seizing future possibilities. Thus, the Board has had financing matters high up on the agenda on several occasions.
During the year, in particular during the fall, the Board has had an extensive and ongoing strategy discussion connected to the mega trends at hand, as well as continued consolidation on the market. Further, the discussions have on several occasions been related to the acquisition strategy, which resulted in – among other things – the acquisition of Creuna, which was communicated on October 21, 2020.
Evaluation of the Board's work
Once a year, the Chairman of the Board initiates an evaluation of the Board’s work, by asking each Director to fill in a questionnaire. The questions relate to internal climate, breadth of knowledge and how Board work is carried out.
The purpose is to find out how the Directors feel the Board is run and what actions can be taken to make Board work more efficient. The results are presented to the Board by the Chairman. Results of the evaluation are also presented to the nomination committee.