Nomination to the Board of Directors of Swedbank 2014

Swedbank AB’s nomination committee proposes Maj-Charlotte Wallin for election as member of the Board of Directors. The nomination committee further suggests re-election of board members Anders Sundström, Ulrika Francke, Göran Hedman, Lars Idermark, Anders Igel, Pia Rudengren, Karl-Henrik Sundström and Siv Svensson. Charlotte Strömberg and Olav Fjell have declared they are not available for re-election due to the new regulations limiting the number of board positions which may be held.

According to the proposal the number of board members, to be elected at the Annual General Meeting (AGM), is nine. Furthermore, the nomination committee proposes Anders Sundström as Chair of the Board of Directors.

Swedbank AB’s nomination committee proposes Maj-Charlotte Wallin for election as member of the Board of Directors. Born in 1953, her most recent assignment was at AFA Försäkring where she was CEO in 2008-2013.

The nomination committee proposes, taking into consideration the increased demands made on board members, to raise the remuneration for the Board of Directors calculated on an annual basis as follows: SEK 2 350 000 (1 350 000) for the Chair of the Board of Directors; SEK 800 000 (675 000) for the Vice Chair of the Board of Directors; SEK 500 000 (400 000) for the ordinary members of the Board of Directors; SEK 250 000 (175 000) for the Chair of the Board’s audit committee; SEK 200 000 (125 000) for other members of the Board’s audit committee. Unchanged remuneration is proposed for each member of the Board’s remuneration committee i.e. SEK 100 000, as well as for the Chair of the Board’s risk and capital committee i.e. SEK 250 000. Furthermore, the nomination committee proposes to lower the remuneration for other members of the Board‘s risk and capital committee to SEK 200 000 (250 000).

The current remuneration for the Board of Directors was adopted by the 2008 AGM and has not been increased since due to the agreement between Swedbank and the Swedish National Debt Office under the government guarantee program. However, in 2014 the agreement between Swedbank and the Swedish National Debt Office will expire. Swedbank AB’s nomination committee thus proposes unchanged remuneration during the next election period for the duration of the agreement between Swedbank and the Swedish National Debt Office, and when the agreement ends, the above changes, in order to attain market, though not market-leading, levels.

Swedbank AB’s nomination committee proposes to elect Deloitte AB as auditor for the period until the close of the 2018 AGM, and that fees continue to be paid on approved account.

Swedbank AB’s 2014 AGM will take place at Dansens Hus in Stockholm, on Wednesday 19 March 2014. The nomination committee proposes Claes Zettermarck, lawyer, as Chair of the 2014 AGM.

Prior to the 2014 AGM, the nomination committee comprises the following: Lennart Anderberg, appointed by owner-group Föreningen Sparbanksintressenter, Chair of the nomination committee; Ramsay Brufer, appointed by Alecta; Jens Henriksson, appointed by owner-group Folksam; Tommy Hjalmarsson, appointed by owner-group Sparbanksstiftelserna; Anders Sundström, Chair of the Board of Directors of Swedbank AB.

The entire proposal of the nomination committee will be included in the AGM invitation and also be available on Swedbank’s website.

For further information, please contact:
Lennart Anderberg, Chair of the nomination committee, Swedbank AB, telephone: +46 73 226 00 59
Anna Sundblad, Press Manager, Swedbank, telephone: +46 70 321 39 95

Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to a development “Beyond Financial Growth”. As a leading bank in the home markets Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has 8 million retail customers and around 600,000 corporate customers and organizations with 305 branches in Sweden and approximately 180 branches in the Baltic countries. The group is also present in other Nordic countries, the U.S. and China. As of 30 December, 2013 the group had total assets of SEK 1,820 billion. Read more at www.swedbank.com

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