The Nomination Committee proposal to Swedbank AGM 2018
The Nomination Committee of Swedbank proposes election of Anna Mossberg as new Board member. Furthermore, the Nomination Committee proposes re-election of the present Board members Lars Idermark, Ulrika Francke, Siv Svensson, Bodil Eriksson, Peter Norman, Mats Granryd, Bo Johansson, Annika Poutiainen and Magnus Uggla, i.e. all present members are proposed for re-election. The proposal entails an increase of the number of Board members elected by the Annual General Meeting from nine to ten. Lars Idermark is proposed as Chair of the Board of Directors.
The Nomination Committee proposes election of Anna Mossberg as new member:
Anna Mossberg (born 1972) has a background in the internet and telecom industry, where she, among other things, for approximately 15 years has held various leading positions in the Telia Group. In 2010 Anna Mossberg held the position as Managing Director for the internet service provider Bahnhof. During 2012 - 2014 Anna held the position as Senior Vice President Strategy and Portfolio Management at Deutsche Telecom AG in Germany; a role she left when she in 2015, was appointed Business Area Manager at Google Sverige AB. Anna Mossberg is currently board member of HusmanHagberg AB and proposed as board member of SwissCom AG.
Independence according to the Swedish Corporate Governance Code
Anna Mossberg is considered independent in relation to the bank, the bank’s management, and the bank’s major shareholders.
In order to, as far as possible, reduce the potential risk for conflict of interest, Anna Mossberg has announced that she intends to leave her assignment with HusmanHagberg AB. Furthermore, she has expressed that she intends to resign from her employment in Google Sverige AB.
Remuneration of the Board of Directors and Auditors.
The Nomination Committee proposes to raise the remuneration to the Board of Directors calculated on an annual basis as follows, corresponding to an average raise of 3.23 percent (calculated on unchanged number of members): SEK 2,540,000 (presently 2,460,000) to the Chair of the Board of Directors; SEK 850,000 (825,000) to the Deputy Chair of the Board of Directors; SEK 570,000 (550,000) to each of the ordinary members of the Board of Directors; SEK 360,000 (350,000) to the Chair of the Board’s Audit committee; SEK 232,500 (225,000) to each of the other members of the Board’s Audit committee; SEK 410,000 (400,000) to the Chair of the Board’s Risk and Capital committee; SEK 230,000 (225,000) to each of the other members of the Board’s Risk and Capital committee; SEK 102,500 (100,000) to the Chair of the Board´s remuneration committee; SEK 102,500 (100,000) to each of the other members of the Board’s remuneration committee.
The Nomination Committee proposes that the external auditor’s fee, shall be payable by approved account.
At the 2014 AGM, Deloitte AB was elected as external auditor for a period of four years, until and including the AGM 2018. Due to the auditor rotation rules, Deloitte AB is not eligible for re-election for another four-year period. Hence, in accordance with the recommendation of the Audit Committee, the Nomination Committee proposes that Deloitte AB is elected as external auditor for a period of one year, until the end of the AGM 2019, provided that the AGM resolves to amend the regulations in the Articles of Association concerning the term of the auditor.
Swedbank AB’s AGM will take place on the 22 March 2018 at Skandiascenen, Cirkus, in Stockholm.
The Nomination Committee proposes the lawyer (Sw. advokat) Wilhelm Lüning as Chair of the 2018 AGM.
The Nomination Committee comprises of the following members: Lennart Haglund, Chair, appointed by Sparbanksgruppen, Jens Henriksson, appointed by the owner-group Folksam, Ramsay Brufer, appointed by Alecta, Johan Sidenmark, appointed by AMF, Peter Karlström appointed by the owner-group Sparbanksstiftelserna and Lars Idermark, Chair of the Board of Directors of Swedbank AB (publ).
The entire proposal of the Nomination Committee will be included in the AGM notice and also be available on Swedbank’s website.
For further information, please contact:
Lennart Haglund, Chair of the Nomination Committee, telephone: +46 70 557 51 29
Gabriel Francke Rodau, Head of Communication, Swedbank, telephone: +46 70 144 89 66
Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to development “Beyond Financial Growth”. As a leading bank in the home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has over 7 million retail customers and around 625 000 corporate customers and organisations with 218 branches in Sweden and 133 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 6 February, 2018 the group had total assets of SEK 2 213 billion.
Read more at www.swedbank.com