Item 11.03: Elect CEO Børje Ekholm as a board member
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.
Item 20.00: Shareholder Proposal Regarding Disbursing Executive Bonuses After Employee Salary Increases
Folketrygdfondet opposes the shareholder proposal because management and the board have more and better information about the company and its operations and are therefore in the best position to determine what actions should be taken with regard to this item.