During the year, the Board devoted considerable time to the organizational changes announced on April 7, 2011, the acquisition of additional shares in ABB, Atlas Copco, Electrolux, Ericsson, Husqvarna and NASDAQ OMX, the add on investments in Aleris, the rights issue in Sobi, and the divestment of Aker Holding AS. Prior to each transaction, extensive analysis were presented to the Board. 
    Due to the uncertainty in the global financial environment the Board has reviewed Investor’s financial flexibility. As an example a decision was made to raise another debt financing in EUR.
     As one of the Directors of the Board, Carola Lemne, the CEO of Praktiker tjänst AB, which business partially competes with Aleris, she has been prevented from participating in the resolution regarding the add on acquisition of Aleris and does not participate in other resolutions that involve Aleris or its business during the board meetings, nor does she receive any information regarding said company.
    The Board also devoted time to both internal and external presentations of the financial markets in particular countries, as well as from a global perspective. The Board discussed the development and
the effects on industries, markets and individual companies, paying particularly close attention to Investor’s holdings and the long-term strategies of such holdings. For example, guest speakers were invited to give presentations at Investor’s Board meeting that was held in June in New York.
    During the year the Board also has met with the CEOs of Investor’s holdings NASDAQ OMX and Sobi for presentations of their companies.
     The financial reports presented at every regular Board meeting, including those prior to the year-end and interim reports, are an important aspect of the Board’s work. The Board also receives regular reports on the company’s financial position. At regular Board meetings, reports were delivered on the ongoing operations in the business areas, together with in-depth analyses and proposed actions regarding one or more of the company’s holdings.
Committee work is an important task performed by the Board. During the year, the company’s Management presented valuecreating plans for Core Investments, including analyses of the holdings’ operations and development potential in the business areas where they are active. These analyses and their implications were
discussed and assessed by the Board with a focus on the individual companies as well as in the context of overall strategic discussions.
The Board also received and discussed reports on the composition of portfolios and developments within Financial Investments, including Investor’s involvement in EQT and the operations of Investor Growth Capital.
    In addition to participating in meetings of the Audit Committee, the company’s auditor also attended a Board meeting during which Board members had the opportunity to pose questions to the auditor without representatives of the company’s Management being present. 
    An evaluation of the work done by the Board was also conducted during the year, which provided the basis for the work of the Nomination
Committee and for determining the focus of future Board work.

Information updated 2012-04-24 13:37:22