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Nomination Committee

The Annual Shareholders' Meeting, held on April 3, 2008, gave the Chairman of the Board a mandate

to contact the three to five largest shareholders in terms of voting rights, each of which will appoint a representative to comprise, together with the Board Chairman, the Nomination Committee for the period until a new Nomination Committee has been appointed as mandated by the Next Shareholders’ Meeting. The largest shareholders refers to VPC registered and ownership grouped shareholders as of August 31, 2008.  If, due to ownership changes occurring after that date, it is deemed necessary, the Nomination Committee is entitled to offer one or two additional shareholders a position on the Nomination Committee, so that the total number of members is at most six. In addition, the Board shall be entitled to appoint one of the Board’s independent members as a member of the Nomination Committee. 

The Nomination Committee shall appoint a Chairman from the largest shareholder in terms of voting rights. If a member of the Nomination Committee leaves the committee before its work is completed, a substitute shall be appointed, if this is deemed necessary, by the same shareholder who appointed the member who has resigned, or, if this shareholder is no longer one of the three to five largest shareholders in terms of voting rights, by the new shareholder belonging to this group.  No fee shall be paid to members of the Nomination Committee. Any expenses arising in connection with the work of the Nomination Committee shall be paid by the company. The names of the members of the Nomination Committee shall be announced not later than six months prior to the Annual Shareholders’ Meeting in 2009.

The Nomination Committee appointed for the 2008 Annual Shareholders' Meeting comprises:

• Carl-Olof By, AB Industrivärden, Chairman of the Nomination Committee
• Håkan Sandberg, Svenska Handelsbanken AB and Handelsbanken's pension foundation
• Peter Lindell, AMF Pension
• KG Lindvall, Swedbank Robur Fonder
• Sverker Martin-Löf, Chairman of the Board, Skanska AB

The Nomination Committee proposes that the Annual Shareholders’ Meeting assign the Nomination Committee the task, prior to the 2009 Annual Shareholders’ Meeting, of submitting proposals on the following matters:

• Proposal for Meeting Chairman
• Proposal for number of Board members and deputies
• Proposal for Members of the Board and Chairman of the Board
• Proposal for Board fees to the Chairman and each of the other Board members
• Proposal for remuneration for each of the members of the Board’s committees
• Proposal for auditor and auditor remuneration
• Proposal for principals for how members of the Nomination Committee shall be appointed

Report on Nomination Committee's work »