Corporate Governance

Annual General Meeting

The Annual General Meeting will act on the following issues: Approval of the income statement and balance sheet, allocation of the company’s profit and loss, discharge from liability of the Board members and CEO, election of Board members, Board chairman, and auditors, and approval of remuneration to the Board and auditors.

The Board's work

In 2007, the Board of Directors had eight meetings. The company’s auditors participated in the Board meeting in February 2008 and presented the revision. Issues specially considered during the year were the termination of LCM in England and Loomis Sweden’s authorization. The acquisitions of companies were also discussed, amongst others Brinks in Great Britain. In 2007 the budget for 2008 was discussed and approved by the Board.

Internal control

Loomis’ system for internal control is designed to manage rather than eliminate the risk of failing to attain business objectives.

Looking for DHL Canada: www.dhl.ca Loomis is not related to DHL Canada.