At the AGM, a nomination committee is elected and charged with submitting proposals regarding possible board members, choice of auditors, remuneration, and associated issues before the next AGM. The nomination committee makes up a profile of requirements and ensures that the company’s board members have expertise relevant to Cybercom’s operation. The nomination committee works closely with the shareholders and meets three times a year.
The AGM has selected: Per Edlund, chairman, as representative for the company’s majority shareholders; Erik Sjöström, and John Örtengren.
If, during the nomination committee´s term of office, shareholders that are represented in the nomination committee are no longer among four largest shareholders (block of votes), then members who represent such shareholders shall put their positions at the disposal of shareholders that enter the rank of the four largest shareholders, which have the right to appoint new members. Shareholders that appoint nomination committee members have the right to discharge members and appoint new members. Changes in the nomination committee´s composition shall be made public as soon as they occur.
The nomination committee shall develop and submit to the next AGM proposals for:
- An AGM chairman
- Board members
- A board chairman
- Board remuneration, i.e., for the chairman and for other members plus remuneration for possible committee work
- Auditors´ fees
- Nomination and remuneration committees for the 2008 AGM
In conjunction with its assignments, the nomination committee shall comply with the Corporate Governance Code, concerning nomination committee responsibilities such as submitting certain information to the company so that the company can fulfil its obligations according to the Code.