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  • Nomination Committee
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Nomination Committee

The Annual General Meeting 2010 decided about the principles below for the appointment of the nomination committee for the Annual General Meeting 2011.

The Chairman of the Board of Directors shall contact the two, by the end of the year’s third quarter, in respects of voting power largest shareholders. These two shareholders are offered to appoint one representative each for the nomination committee, in which also a member of the Board of Directors shall be a member. If any of such shareholders choose not to exercise this right to appoint a representative, the right shall pass on to the shareholder who, after the aforementioned shareholders, has the largest shareholding. The Chairman of the nomination committee shall be the representative of the largest shareholder with respect to voting power.

If any of the shareholders who have appointed a member of the nomination committee sell a not insignificant part of their shareholding during the nomination committees’ term and ceases to be a larger shareholder with rights to appoint a member of the nomination committee, the member who such shareholders has appointed should be dismissed from the nomination committee. Such member shall then be replace by a member appointed by the shareholder who, based on voting power following the sale, instead is on of the largest shareholders in the Company. If such shareholder does not utilize its right to appoint a member of the nomination committee, the procedure above shall be applied.

In the event a member no longer represents the shareholder who appointed him or her, or in any other way is dismissed from the nomination committee prior to the nominations committees work is complete, the shareholder shall be allowed to appoint a new member.

Fees shall not be paid to the members of the nomination committee.

The nomination committee shall pursue the tasks that, according to the Swedish Code of Corporate Governance, are the responsibility of the nomination committee.