4.1.2. Functioning of the Board of Directors
In 2017, the Board held seven meetings. Each director’s attendance is shown in the table in section 4.1.1. Structure and composition.
During 2017, the Board of Directors’ discussions, reviews and decisions focused on the annual review of Group strategy, strategic projects (acquisitions, divestments, capital expenditures, etc.), quarterly financial reporting, approving quarterly financial statements and proposing a dividend to the AGM, Board Committee reports, corporate Governance, corporate social responsibility and sustainability policy and strategy, risk management, compensation policy and the long-term incentive plan, Board and management succession planning, intragroup restructuring, and the reports and resolution proposals to the General Meeting.
There were no transactions or contractual relationships in 2017 between the Group and its Board members giving rise to conflicts of interests.