Board work in 2011
In 2011 the Board held 20 meetings, two of which were by telephone and four per capsulam. The Board also conducted two workshops on liquidity, among other issues. All the meetings except one were held in Stockholm. Each year the Board establishes a plan for its work, where it decides which issues to treat in depth.
Major issues in 2011 included the following:
- The European crisis and its effect on the bank, its limits and exposures
- Capital and liquidity goals
- Share repurchase
- Liquidity strategies and funding issues
- Stress tests
- Remuneration issues
- The ongoing risk and capital situation, including the Internal Capital Adequacy Assessment Process (ICAAP)
- Credit decisions where the total Group credit limit exceeds 10 per cent of the capital base (corresponding to SEK 9.3bn as of 31 December 2011) for the Swedbank financial companies group, as well as on limits for credit risk concentrations
- Evaluation of the CEO
- Business intelligence
No objections were noted to any of the decisions during the year.
The Board has three committees that monitor, prepare and evaluate issues within their respective areas for resolution by the Board, read more under the Board’s committees.
Corporate governance reports
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