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Swedbank's Annual General Meeting 2017

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Today's Annual General Meeting adopted that there shall be nine board members and
to elect Mats Granryd, Bo Johansson, Annika Poutiainen and Magnus Uggla and to re-elected Lars Idermark, Ulrika Francke, Siv Svensson, Bodil Eriksson and Peter Norman.
The Annual General Meeting elected Lars Idermark as Chairman of the Board of Directors.

Ulrika Francke was elected Deputy Chair at the Board of Directors' statutory meeting held directly after the Annual General Meeting. The statutory meeting also decided that the Risk and Capital Committee shall consist of Magnus Uggla, Chair, Lars Idermark, Ulrika Francke, Peter Norman and Bo Johansson. The Audit Committee shall consist of Siv Svensson, Chair, Ulrika Francke, Mats Granryd, Peter Norman and Annika Poutiainen. The Remuneration Committee shall consist of Lars Idermark, Chair, Ulrika Francke and Bodil Eriksson. 

Fees  
The Annual General Meeting adopted the following fees:  

  • Chair of the Board of Directors to SEK 2 460 000 (SEK 2 430 000),  
  • Deputy Chair of the Board of Directors to SEK 825 000 (SEK 815 000) ,  
  • Other  Board members to SEK 550 000 (SEK 525 000),  
  • Chair of the Board's Audit Committee to SEK 350 000 (SEK 290 000),  
  • Other members of the Board's Audit Committee to SEK 225 000 (SEK 215 000), 
  • Chair of the Board's Risk and Capital Committee to SEK 400 000 (SEK 290 000), 
  • Other members of the Board's Risk and Capital Committee to SEK 225 000 (SEK 215 000), and 
  • Chair and other members of the Board's Remuneration Committee to SEK 100 000 (SEK 100 000). 

Auditor’s fee shall be payable by approved account. 

Profit and loss account and balance sheet and dividend 
The Annual General Meeting decided to adopt the profit and loss account and balance sheet of the bank and the consolidated profit and loss account and consolidated balance sheet for the financial year 2016.

The Annual General Meeting decided that the dividend for fiscal year 2016 distributed to shareholders shall be SEK 13.20 per ordinary share. The dividend cut-off date was set at 3 April 2017. Given the cut-off date, the dividend will be distributed by Euroclear on 6 April 2017.  

Other decisions  
In addition, the Annual General Meeting adopted the following:

  • The members of the Board of Directors were granted discharge of liabilities, including the Chair of the Board of Directors and the CEO. Previous Chair of the Board of Directors and CEO were also granted discharge of liabilities.
  • Decision on principles for the appointment of the Nomination Committee.  
  • Decision on the guidelines for remuneration to top executives
  • Decision to acquire own shares in accordance with the Securities Market Act
  • Decision on authorization for the Board of Directors to decide on the acquisition of own shares in addition to acquisition in accordance with the Securities Market Act
  • Decision on authorization for the Board of Directors to decide on the issuance of convertible debentures
  • Performance and share-based remuneration program for 2017 for the Swedbank Group - partly a general 2017 program and partly an individual 2017 program -  as well as a decision regarding the transfer of ordinary shares etc. under the 2017 programs and programs adopted by previous Annual General Meetings.

Lars Idermark’s and Birgitte Bonnesen’s speeches to the Annual General Meeting will be available on Swedbank's website, www.swedbank.se/ir.  

For further information please contact: 
Gabriel Francke Rodau, Head of Group Communication, tel. +46 8 585 921 07 
Gregori Karamouzis, Head of Investor Relations, tel. + 46 727 40 63 38 

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 640 000 corporate customers and organisations with 266 branches in Sweden and 143 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 31 December 2016 the group had total assets of SEK 2 154 billion.
Read more at www.swedbank.com

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AGM Annual General Meeting Board of Directors Decision

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