Further information about the Annual General Meeting
and complete minutes from previous Annual General
Meetings and Extraordinary General Meetings are
published at www.aak.com.
Annual General Meeting 2019
The Annual General Meeting held on May 15, 2019
was attended by shareholders representing around 60
percent of the share capital and votes in the company.
Georg Brunstam was elected Chairman of the Meeting.
The Annual General Meeting adopted the income statement
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and balance sheet, as well as the consolidated
income statement and consolidated balance sheet.
Following this, the Annual General Meeting approved
the Board’s proposal for a dividend for the 2018
financial year of SEK 1.85 per share. Georg Brunstam,
Märta Schörling Andreen, Gun Nilsson, Bengt Baron,
Lillie Li Valeur and Marianne Kirkegaard were re-elected
as ordinary members of the Board of Directors. Patrik
Andersson was elected as new member of the Board
of Directors. Georg Brunstam was elected Chairman of
the Board. The employee organizations had appointed
Lena Nilsson (PTK-L) and Leif Håkansson (IF Metall)
as employee representative members of the Board, and
Mikael Myhre (IF Metall) and Fredrik Rydberg (PTK-L)
as deputy members of the Board. The Annual General
Meeting did not authorize the Board to resolve on the
issue of new shares by the Company or the acquisition
of the Company’s own shares.
Nomination Committee
The Annual General Meeting decides on the election of
the Board, among other items. The task of the Nomination
Committee is to make proposals to the Annual
General Meeting regarding the election of the Chairman
and other members of the Board and of the Chairman
of the Meeting, and regarding remuneration issues and
related issues. The Nomination Committee considers
the company’s operations, phase of development and
other relevant circumstances when assessing the
appropriate composition of the Board.
Nomination Committee for the Annual General Meeting
in 2020
At the Annual General Meeting 2019, Märta Schörling
Andreen (Melker Schörling AB), Henrik Didner (Didner
& Gerge Fonder), Leif Törnvall (Alecta) and Åsa Nisell
(Swedbank Robur Fonder) were elected members of
the Nomination Committee in respect of the Annual
General Meeting 2020. Märta Schörling Andreen was
elected Chairman of the Nomination Committee. The
members of the Nomination Committee represent
around 44 percent of the votes in AAK. The decision
also included the opportunity to change the composition
of the Nomination Committee in the event of a change in
ownership. During the year, the Nomination Committee
held two minuted meetings. At these meetings, the
Chairman reported on the evaluation work, whereupon
the Nomination Committee discussed any changes and
new recruitments. The Nomination Committee has been
contactable by letter with proposals from shareholders.
The members of the Nomination Committee have not
received any remuneration from AAK for their work.
Shareholders who wish to contact the Nomination
Committee can send letters addressed to AAK AB
(publ.), Valberedningen, Skrivaregatan 9, SE-215 32
Malmö, Sweden.
The Board of Directors and its activities
The tasks of the Board are regulated in the Swedish
Companies Act and the Articles of Association. In addition
to this, the work of the Board is regulated by the
working practices adopted by the Board each year. The
procedural rules of the Board also regulate the distribution
of work and responsibilities between the Board, the
Chairman of the Board and the CEO and also include
procedures for financial reporting by the CEO to the
Board. According to the current working practices, the
Board shall meet at least six times each year, including
a statutory meeting following election held immediately
after the Annual General Meeting. The tasks of the
Board shall include setting strategies, business plans,
budgets, interim reports and year-end reports for AAK.
The Board shall also monitor the work of the CEO,
appoint and dismiss the CEO and decide on important
changes to AAK’s organization and operation. The
most important tasks of the Board are to set the overall
goals for the company’s operation and to decide on the
company’s strategy for achieving the goals; to ensure
the company has an effective executive management