During the year, the Board held fifteen meetings including a two-day strategy meeting. The Board regularly discussed the economic situation, the Bank's strategy and the Bank's financial position in relation to other banks. Risk limits for market risks etc were also reviewed and followed up. In addition, the Board was regularly informed about operational risks. It also took decisions on matters of funding, major credit-related matters, large investments and strategic issues.
The sale of SPP was given particular attention during the year.
As a result of the new capital adequacy regulations, the Board established a capital policy and a financial risk policy for the Handelsbanken Group. The capital policy sets out responsibilities and guidelines for internal capital assessment and planning. The Board also established a confidence level for calculating economic capital and a target for the tier 1 ratio and other relevant capital ratios. A finance policy describes the responsibility for the Bank's liquidity and funding. The financial risk policy clarifies the responsibility and sets guidelines for units such as the independent risk control function.
The Board's work is evaluated in individual discussions with the chairman of the Board, supported by a questionnaire which is answered individually by the members. The results were compiled and discussed at the Board meeting in November. The chairman reported the results of the evaluation and the Board's discussion to the nomination committee. The Board also met on one occasion to evaluate the work of the group chief executive without him being present.
Presence The table shows the directors' attendance in 2007.
