Item 9: Resolution on the discharge from liability of the members of the Board of Directors and the President and CEO
Rationale:
Folketrygdfondet exercises particular caution in voting for a discharge of liability when a company has been involved in, or is accused of engaging in controversial activities. Fortum suffered a significant financial loss as a consequence of investments in Russia and the company’s exit from that market. The episode raises questions about the board’s risk management and oversight of Fortum’s Russian investments. For this reason, Folketrygdfondet voted against discharge of liability for the board and CEO.