Essity Aktiebolag

At the Essity Aktiebolag general meeting on 21 March 2024, Folketrygdfondet, manager of the Government Pension Fund Norway, voted against item 12.04 for the following reasons:

Item 12.04: Elect CEO Magnus Groth as a board member
Rationale:
Folketrygdfondet opposes the election of the CEO to the Board of Directors as a matter of principle. One of the board’s main tasks is the supervision of company management, which includes appointment and dismissal of the CEO. Folketrygdfondet considers that board members can only supervise company management adequately if they are not recruited from among management. For this reason, we voted against item 12.04.

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