Election Committee

Election Committee

According to the Swedish Corporate Governance Code (the "Code") listed companies 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.

The General Meeting of Shareholders has adopted instructions for the Election Committee which can be downloaded just below.

Members of the Election Committe

Bengt Kjell

Chairman of the Election Committee, representing AB Industrivärden (appointed by the Annual General Meeting)

Pär Boman

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)

 

Due to Cevian's divestment of its entire shareholding in AB Volvo, the Election Committee member Lars Förberg left the Election Committee in February 2018.

Shareholder recommendations

A shareholder who wishes to submit a recommendation to the Election Committee may send the recommendation to the secretary of the Committee, Sofia Frändberg,

Shareholder recommendations should be sent to:

Sofia Frändberg
AB Volvo (publ)
SE-405 08 Göteborg
Sweden

Or email at sofia [dot] frandberg [at] volvo [dot] com

Relevant links

General meeting of the shareholders

General meeting of the shareholders

General meeting of the shareholders
CEO and the Group Executive Board

CEO and the Group Executive Board

The CEO is in charge of the Group's daily management through the Group Executive Board.The Group Executive Board comprises 12 members including the CEO.

CEO and the Group Executive Board
Board of Directors

Board of Directors

Board of Directors
Corporate Governance

Corporate Governance

The Volvo Group appreciates the value of sound corporate governance as a fundamental base in achieving a trusting relation with shareholders and other key parties.

Corporate Governance