Composition of the Nomination Committee
In accordance with the Nomination Committee procedures, as adopted at the AGM 2018, the Nomination Committee will normally consist of a representative for each of the three largest registered shareholders and the Chairman of the Board, who is to convene the first meeting of the committee, at latest in October the year before the next AGM.
The Chairman of the Nomination Committee will be the representative of the largest shareholder in terms of votes, or else the member elected to this position within the committee.
If any of the three largest shareholders in terms of votes refrains from taking a seat on the Nomination Committee, that seat will be offered to the fourth largest shareholder in terms of votes, etc., until such time as the owners are represented by three shareholders. In the case of a member leaving the committee before its work is complete, the shareholder shall have the right to appoint a new committee member.
In the case when a shareholder that has appointed a member of the Nomination Committee is no longer among the largest shareholders, the member appointed by said shareholder shall place his or her seat at disposal. The shareholder that has gained a place among the three largest shareholders shall be asked and have the right to appoint a member. The members of the Nomination Committee shall not be replaced if changes in votes are only marginal or if most of the work of the Nomination Committee ahead of the AGM is assessed by the Chairman of the Nomination Committee to have been completed already.
The names of the members of the Nomination Committee with information regarding which shareholders they represent will be announced in conjunction with the Company’s third interim report or, if changes are made later, as soon as they are made.
Nomination Committee's tasks
The task of the Nomination Committee is to put forward proposals, at the next Annual General Meeting, for the Chairman of the AGM, the Board of Directors, the Chairman of the Board, Auditors, fees for Board Members and Auditors, any committee fees, as well as proposals for changes in this instruction on Nomination Committee procedures.
Fees
No fee is paid to the members of the Nomination Committee. The Company shall recompense any reasonable costs that arise in connection with the Nomination Committee’s work.
Shareholders can submit proposals
Shareholders who wish to make suggestions to the Nomination Committee can do so via e-mail to valberedning@knowit.se.