The work of the Board of Directors (the “Board”) follows an annual agenda established in the Board's Procedural Rules, which are reviewed and approved by the Board each year at the statutory board meeting. Among other things, the Board’s Procedural Rules outline rules for the distribution of tasks among the Board, the Board’s committees and the President and CEO, instructions for the reporting of financial information and sustainability information to the Board, and the routine for dealing with conflicts of interest. The Board’s Procedural Rules also outline which matters are to be decided upon by the Board, by the President and CEO, by the Group Leadership Team, or at business unit level.
The Board’s work is mainly performed within the framework of formal board meetings and through meetings in the Board’s committees. To ensure that the Board has the relevant information and documentation on which to base decisions, the Board receives, in preparation for each board meeting, reports and documentation compiled according to established procedures. Read more about the Board’s responsibility and work as well as the evaluation of the work of the board in Skanska’s corporate governance report.
Activities in 2024
In 2024 the Board held seven ordinary meetings, including the statutory board meeting, and one extra meeting. The more important issues dealt with by the Board during the year included:
- Monitoring operations
- Review and approval of the interim reports and year-end report
- Impairment testing relating to property values
- Strategic review of Skanska
- Salary and other remuneration to the President and CEO
- Changes in the Group Leadership Team
- Cybersecurity
- Internal control
- Risk management
- Compliance
- Sustainability matters including climate, ethics, and health and safety
- The Board received regular updates on the impact of the the macroeconomic and geopolitical developments on the Group’s business and the markets where Skanska is active, and measures to address these issues
Attendance at board and committee meetings 2024
For the board members attendance at board and committee meetings in 2024, see Skanska’s corporate governance report for 2024.