According to its Rules of Procedure, the Board shall hold at least six regular meetings each year. Beyond this, the Board meets when there are special needs. The meetings held in January/February, April/May, July/August and October/November are devoted, among other things, to financial reporting from the company. The meeting held in October/November deals with long-term plans and in December with the financial forecast for the following year.

At all its regular meetings, the Board deals with matters of a current nature and capital expenditure issues.

During 2006, the Board held a total of 19 meetings. The unusually large number of meetings was due to MAN ’s offer for Scania.

The committees report their work to the Board on a continuous basis. The Board also regularly discusses various aspects of the company’s operations, for example management recruitment, financing, product development and market issues. This occurs at in-depth briefings where affected managers from the company participate.

With very few exceptions, all Board members normally participate in the meetings of the Board. Attendance by the individual members at Board meetings and committee meetings can be seen in the documents to the right.

The instructions of the Board to Scania’s President and CEO specify his duties and powers. These instructions include guidelines on capital expenditures, financing, financial reporting and external communications.

According to the Swedish Companies Act, the President may be elected as a member of the Board, which is currently also the case. The company’s President and CEO, Leif Östling, is the only member of the Board who also belongs to Scania’s operative management.