The Annual General Meeting of
The resolutions passed at the Meeting included the following.
Approval of the income statement and the balance sheet
The Meeting approved the income statement and the balance sheet for the parent company, as well as of the consolidated income statement and the consolidated balance sheet for the fiscal year 2019.
Dividend
The Meeting resolved, in accordance with the proposal of the Board, on dividend to the shareholders of
Board of Directors
The Meeting discharged the members of the Board and the President from liability for the fiscal year 2019.
The Meeting re-elected, in accordance with the Nomination Committee's proposal, the Board members
Compensation to the Board of Directors
The Meeting resolved on unchanged compensation to the Board in accordance with the Nomination Committee's proposal of in total
Auditor
The Meeting re-elected
Guidelines for remuneration
The Meeting approved the Board of Directors' proposal regarding guidelines for remuneration for the President and other members of the
Long-term variable remuneration programs
The Meeting approved, in accordance with the Board of Directors' proposal, the scope and key principles of both the long-term variable remuneration program for employees within Investor, excluding
Purchase and transfer of own shares
The Meeting authorized the Board, for the time until the Meeting of 2021, to decide on the purchase and transfer of the Company's own shares of class A and class B, in order to give the Board wider freedom of action in their work with the Company's capital structure, to enable transfer of own shares under the long-term variable remuneration program for employees within Investor, and to secure the costs, including the social security payments, in connection with the said program and with the allocation of synthetic shares as part of the remuneration to the Board.
The Meeting further resolved that transfer of own shares of class B in the Company shall be possible to employees participating in the long-term variable remuneration program 2020. A maximum of 500,000 shares or the higher number that may follow from a recalculation because of a split, bonus issue or similar action may be transferred. Transfer of own shares to employees shall be possible during the period and at the prices which employees are entitled to purchase shares under the program. The Company currently holds 1,703,528 own B-shares.
Articles of Association
The Meeting approved the Board of Directors' proposal regarding amendments to the Articles of Association.
Proposal from shareholder
The Meeting did not approve the proposals from shareholder
Statutory Board Meeting
At the statutory meeting of the Board, held in conjunction with the Meeting, the following members of the Board were elected to the Remuneration Committee:
At the statutory meeting, the Board approved, in accordance with the recommendation of the Nomination Committee, to, as in 2019, establish a policy pursuant to which the members of the Board, that do not already have such holding, are expected to, over a five year period, acquire an ownership in Investor shares (or a corresponding exposure to the Investor share, for example in synthetic shares) with a market value which is expected to correspond to at least one year board compensation, before taxes, excluding compensation for committee work.
The Board of Directors
For further information:
Phone +46 70 550 3500
viveka.hirdman-ryrberg@investorab.com
Magnus Dalhammar, Head of Investor Relations,
Phone +46 73 524 2130
magnus.dalhammar@investorab.com
Our press releases can be accessed at www.investorab.com
Investor, founded by the Wallenberg family in 1916, is an engaged owner of high quality global companies. We have a long-term investment perspective. Through board participation, as well as industrial experience, our network and financial strength, we work continuously to support our companies to remain or become best-in-class. Our holdings include, among others, ABB,
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