Item 12.09: Elect Helena Stjernholm
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 this item.
Folketrygdfondet votes in accordance with our principles, guidelines, and assessments. Our point of departure is to vote in accordance with the board's proposals. If we vote against the board's proposal, we publish the rationale on ftf.no and in our annual/ownership report.
We welcome a dialogue on this issue in advance of next year's AGM. Please do not hesitate to contact us if you have any questions or requests for clarification