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Board of Directors
During the period between the annual general meetings, the Board of Directors of Axis constitutes the highest decision-making body in the company. The tasks of the Board are governed in the Swedish Companies Act and in the Articles of Association. The current Articles of Association was adopted at the annual general meeting 2006 and is available in its entirety on www.axis.com (select Investor Relations).
Under the Swedish Companies Act and the formal work plan of the Board of Directors, the Board is responsible for drawing up and evaluating Axis’ overall, long-term strategies and goals, adopting the budget and taking decisions affecting the operations and major investments in the Axis organisation and operations. In additional to this, the work of the Board is regulated by statutory instructions for the President and CEO and instructions on financial reporting.
The formal work plan of the Board
The formal work plan of the Board is adopted annually by the Board. This formal work plan sets out the division of work and responsibility between the Board and the President and CEO. It is incumbent on the President and CEO, in consultation with the Chairman of the Board, to prepare the decision data, the notification and the agenda for each Board meeting. The notification and decision data are to be circulated to the members of the Board in good time. The minutes are to be circulated to the members of the Board after the meeting, and a copy stored securely by the company.
The role of the Chairman of the Board
The role of the Chairman of the Board of Axis AB is to monitor the progress of the business and to be responsible for ensuring that the other directors continually receive the information they require to carry out the work of the Board with quality maintained and in accordance with the Swedish Companies Act.
The work of the Board during 2007
During the year, the Board devoted a considerable part of its work in particular to an advancement of the focused strategy in the network video area. The Board has, through monthly reports and submissions by the Group’s Chief Financial Officer at all Board meetings, among other ways, closely followed the Group’s financial performance during the year.
Furthermore, the Board has dealt with questions such as;
- the growth strategy for the Video product area
- strategy for establishment of subsidiaries, and
- collective agreement for staff in Sweden. The Board conducts an annual evaluation of its work through the agency of the Chairman.
During 2007, the Board held seven Board meetings including the inaugural meeting after election.
| Ledamot | Möte 1 | Möte 2 | Möte 3 | Möte 4 | Möte 5 | Möte 6 | Möte 7 | |
| Lars-Erik Nilsson (chairman) | x | x | x | x | x | x | x | |
| Charlotta Falvin | x | x | x | x | x | x | x | |
| Martin Gren | x | x | x | x | x | x | x | |
| Olle Isberg | x | x | x | x | x | x | x | |
| Göran Jansson (elected at annual general meeting 2007) | x | x | x | x | x | |||
| Nils Rydbeck (resigned at annual general meeting 2007) | x | - | ||||||
Presentation of the current Board of Directorsa>.
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