Composition
In accordance with the resolution adopted by the IFS AGM in 2007 the nomination committee shall be convened by the principal owner in IFS, Förvaltnings AB Wasatornet, and be constituted based on known stockholdings in the company as of September 30, 2007. In addition to the chairman of the board, the nomination committee shall consist of a representative of the principal owners, a representative of each of the two largest institutional owners, and a representative of the other stockholders, who is to elected from the founders. The nomination committee for the 2008AGM consists of Gustaf Douglas (Förvaltnings AB Wasatornet), Caroline af Ugglas (Livsförsäkrings AB Skandia), Ulf Strömsten (Catella Kapitalförvaltning), Bengt Nilsson (founders) and Anders Böös (chairman of the board of IFS).
Assignments and related issues
Prior to an AGM at which board members and/or the chairman of the board and/or auditors are to be elected and/or decisions are to be made concerning remuneration of board members and/or auditors, the nomination committee shall submit proposals to the AGM in respect of such matters. The nomination committee shall also propose a chairman for the AGM. In accordance with its assignment, the nomination committee shall submit to the AGM 2008 proposals pertaining to: 1. the election of a chairman of the AGM 2. the election of the board of directors and the chairman of the board 3. the remuneration of board members and auditors
The work of the nominations committee
The nomination committee has met once and has otherwise communicated regularly. Information has been produced and presented by the chairman of IFS. No proposals have been received by the nomination committee concerning board members apart from those submitted by the members of the nomination committee.
The proposals of the nominations committee
The nomination committee proposes that Anders Böös, chairman of the board, be appointed chairman of the AGM. The nomination committee proposes that there be seven board members and that no deputies be appointed. The nomination committee proposes that directors’ fees (including remuneration for work on the audit committee that the board intends to establish) totaling SKr 2.525 million shall be paid, of which SKr 1 million shall be paid to the chairman of the board, and SKr 275,000 to each of the other members who are not employed by the company. It is proposed that a fee of SKr 100,000 be paid to the chairman and a fee of SKr 50,000 be paid to other directors for work on the audit committee. The nomination committee proposes that auditors’ fees be paid according to approved invoices. The nomination committee proposes that Anders Böös, Ulrika Hagdahl, Bengt Nilsson, Jacob Palmstierna, Alastair Sorbie, and Christina Stercken be re-elected, and that Lars Harrysson be elected to the board. It is proposed that Anders Böös remain chairman of the board and Bengt Nilsson, deputy chairman. More detailed information about the proposed board members, including the nomination committee’s assessment of each member’s independence, is available on the IFS website. Industrial and Financial Systems, IFS AB (publ.)
For further information, please contact:
Anders Böös, Chairman of the Board, +46 70 720 36 06
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