The 2017 AGM resolved on the following instruction for the Nomination Committee:
The committee’s task shall be to prepare proposals to the general meeting 2018 regarding Chairman of the Annual General Meeting, number of Board members, remuneration to the Board and the auditor, the composition of the Board, the Chairman of the Board, rules for the nomination committee for the following year, and the election of the auditor.
The chairman of the Board of Directors shall be a member of the nominating committee and be responsible for the summoning of the nominating committee. The Chairman of the Board of Directors will contact the three largest shareholders in terms of votes on September 30, 2017. The three largest shareholders will elect one representative each to form the nomination committee along with the Chairman until the next Annual General Meeting has taken place, or until a new nominating committee has been appointed. If any of these shareholders wants to waive their right to elect a representative, their right is transferred to the shareholder who, after these shareholders, has the largest share ownership until the nomination committee is complete. The nomination committee is also able to appoint an additional member to represent the small shareholders. If a member leaves the nomination committee before its work is completed shall, if considered necessary, a new member be appointed by the same shareholder who appointed the resigning representative, or, if this shareholder is no longer one of the three largest shareholders, by the new shareholder that belongs to this group.
The composition of the nomination committee shall be announced as soon as it is appointed, and no later than six months before the AGM. In case there is a change in the ownership structure after the nomination committee has been composed, such as one or several shareholders that have appointed members to the nomination committee is no longer one of the three largest shareholders, the nomination committee may be changed in accordance therewith if the nomination committee deems that it is necessary. Unless special circumstances so requires, no changes should be made to the composition of the nominating committee if only marginal changes to the number of votes has occurred or if changes occur less than three months prior to the AGM.
The nominating committee shall appoint a chairman at the first meeting of the term. The nominating committee shall have the right to obtain resources from the company such as for example secretarial assistance, or use of executive search consultants if deemed necessary at the expense of the company.
The Nomination Committee ahead of the Annual General Meeting 2018 consists of the following members:
- Per Håkan Börjesson, chairman (appointed by Investment AB Spiltan)
- Andras Vajlok, CFO (appointed by Westerinvest AB)
- Christoffer Häggblom (appointed by Lerit Förvaltning AB)
- Håkan Sjunnesson (Chairman of the Board)