Election Committee

 

It follows from the Swedish Corporate Governance Code ("the Code") that companies that are subject to the Code shall have an Election Committee that represents the company's shareholders. The Election Committee is thus a body of the shareholders' meeting that prepares decisions on certain appointments to be taken by the shareholders at the Shareholders' Meeting.

The main task of the Election Committee is to propose candidates for election to the Board of Directors including the Chairman of the Board, and, where applicable, candidates for election of auditors. When nominating persons for election to the Board of Directors, the Election Committee shall, according to the Code, determine whether, in its view, the persons nominated for election are considered to be independent of the company and its senior management as well as of major shareholders in the company.

In addition, the Election Committee shall propose a candidate for election of Chairman of the General Meeting of Shareholders. The Election Committee also prepares proposals concerning fees to directors and auditors, which fees are presented at the Annual General Meeting for resolution.

The General Meeting of Shareholders has adopted instructions for the Election Committee which can be reached via a link on this page.

 

The Election Committee comprises:

  • Carl-Olof By, representing AB Industrivärden (appointed by the Annual General Meeting) 
  • Lars Förberg, representing Cevian Capital (appointed by the Annual General Meeting) 
  • Håkan Sandberg, representing Svenska Handelsbanken, SHB Pension Fund, SHB Employee Fund, SHB Pensionskassa and Oktogonen (appointed by the Annual General Meeting)
  • Yngve Slyngstad, representing Norges Bank Investment Management (appointed by the Annual General Meeting) 
  • Carl-Henric Svanberg, Chairman of the Board (appointed by the Annual General Meeting)

The Election Committee has appointed Carl-Olof By as Chairman of the Election Committee.

A shareholder who wishes to submit a recommendation to the Election Committee may send the recommendation to Carl-Olof By at the following address:

Carl-Olof By
AB Industrivärden
P.O. Box 5403
SE-114 84 Stockholm
Sweden

E-mail: carl-olof.by@industrivarden.se

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