At its statutory meeting every year following the Annual General Meeting, the Board reviews and establishes the rules of procedure for its work, including instructions on the delegation of responsibilities and work between the Board, the President and the Board committees, as well as on the forms of the company's financial reporting.

The rules of procedure are based on the rules of the Swedish Companies Act on the overall responsibilities of the Board and President and otherwise on the decision-making procedure approved by the Board.

In addition to the delegation of responsibility that generally applies according to the Companies Act, the rules of procedure primarily govern the following:

• Keeping of Board meetings and decision points  normally on the agenda at each meeting;
• The duties of the Chairman, the President and CEO, the Remuneration, Investment and Audit Committees, specifying the delegation of the Board's decision-making authority and which issues always require a decision by the Board;
• The Board's internal discussions and minutes, which are treated confidentially.

The meetings of the board
The Board meets regularly in accordance with the schedule laid down in the rules of procedure.

Every Board meeting follows a predetermined agenda. The agenda and background information on each information or decision point are sent to all Board members and well in advance of each meeting. Decisions by the Board are taken after an open discussion led by the Chairman.

In 2006 the Board held 12 meetings (11 the previous year). The main discussion topics of of the meetings were as follows:

• the Group's results and financial position
• interim reports
• auditors' reviews (external and internal audits)
• strategies for the Group
• risk management issues and internal control of, among other things, financial reporting
• reviews of core processes
• acquisitions and cooperation projects
• capital structure issues
• special action programs for underperforming countries and operations
• payroll and compensation issues, including incentive programs
• evaluation of the Board's work and evaluation of the President and CEO
• financial objectives
• establishment of a special Investment Committee for the Purchased Debt service line.

Among the areas that the Board paid special attention to in 2006 was the Purchased Debt service line, which was distinguished by significantly higher intensity. Around a thousand portfolios were evaluated during the year. To simplify decision-making and improve efficiency, a special Purchased Debt Investment Committee was established during autumn 2006. The Board also decided to abolish the internal investment limits in this service line. Special attention was also devoted to strategic and organizational issues mainly owing to the appointment of a new President and CEO during autumn 2006. Moreover, a number of operating subsidiaries were transferred internally from Intrum Justitia BV to Intrum Justitia AB, as decided in 2005, to achieve a simplified Group structure.

According to previous practice, the Board met twice with the Company's auditor, on one occasion without the presence of the President or other members of management.

During 2006 the Boad of Directors have had eleven (12) meetings in total. The Board members have been present as follows:

 

Board member	Presence
Björn Fröling	3
Bo Ingemarson	11
Helene Fasth-Gillstedt	12
Jim Richards	7
Lars Förberg	12
Lars Lundquist	9
Lars Wollung	7
Leif Palmdahl	2
Sigurjón Th. Árnason	1