Notification from the Board of Directors of Swedbank AB
Swedbank’s Board of Directors has at a board meeting on 22 February 2017 decided not to make any claim for damages against the bank’s former CEO and former Chair.At Swedbank’s annual general meeting on 5 April 2016, it was resolved, against the auditor’s recommendation, not to grant the bank’s former CEO Michael Wolf and former Chair Anders Sundström discharge from liability for the financial year 2015. Discharge from liability was denied because shareholders representing at least ten per cent of all shares in the bank voted against discharge from liability for these officers. According