Pandora A/S

At the Pandora A/S annual general meeting on 14 March 2023, Folketrygdfondet, manager of the Government Pension Fund Norway, voted against item 6.06 (Elect Catherine Spindler) for the following reasons:

Item 6.06: Election of Directors – Catherine Spindler
Rationale:
Folketrygdfondet expects board members to have sufficient time available to devote to their appointments as directors. While extraordinary circumstances can arise that limit a board member’s participation in a single year, we note that Spindler attended less than 75% of all board meetings for the previous year as well. The company has not provided a rationale for her attendance record. For these reasons, Folketrygdfondet has voted against the reelection of Catherine Spindler to the Pandora Board of directors. 

Del: