Item 11.02: Elect CEO Erik Selin 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 14.1.
Item 11.04: Elect Anders Wennergren as a board member
Rationale:
Folketrygdfondet opposes the election of Anders Wennergren to the Board of Directors. In Folketrygdfondet’s view, board members should not undertake assignments for the company outside of their duties to the board. Folketrygdfondet’s concern is that such assignments may negatively affect the board member’s independence and ability to perform his or her supervisory functions properly. Anders Wennergren received SEK 1.0 million through a law firm for legal services in the past fiscal year. For this reason, we voted against item 11.04.