CORPORATE GOVERNANCE

The corporate bodies in Addtech AB are comprised of the general meeting of shareholders, the Board of Directors, the President and the auditors.

Addtech AB operates under Swedish limited liability corporate law and the rules that follow from the fact that the Addtech share is listed on Stockholmsbörsen (the Stockholm Stock Exchange). The provisions of Addtech’s Articles of Association are also followed.

Presented in this section, Corporate Governance, is how Addtech works with corporate governance issues.

Nomination Committee’s tasks and composition

At the 2012 Annual General Meeting (AGM), it was resolved that the Nomination Committee should consist of representatives of the five largest known shareholders by vote at year-end and the Chairman of the Board of Directors, who was also tasked with convening the first meeting of the Nomination Committee. This principle applies until further notice and the AGM is thus not required to determine principles and tasks for the Nomination Committee annually. 

The 2018 AGM authorised the Board Chairman to establish a nomination committee for upcoming elections to the Board, by appointing members from among representatives of the five shareholders who controlled the largest number of votes in the Company at 31 December 2018, to serve with the Chairman on the nomination committee. In accordance with the above, the Committee comprises these appointed members: Anders Börjesson (Chairman of the Board), Tom Hedelius, Åsa Nisell (appointed by Swedbank Robur Fonder), Mats Gustafsson (appointed by Lannebo Fonder) and Johan Strandberg (appointed by SEB Investment Management). 

The Nomination Committee will appoint a Chairman from among its members. The composition of the Nomination Committee shall be announced not later than six months before the 2019 Annual General Meeting; this was done in the Interim Report for Quarter 3, which was published on 7 February 2019. The Board is responsible for costs arising from performance of the Nomination Committee's tasks. The members of the Nomination Committee receive no compensation from the Company for their work.  

The tasks of the Nomination Committee shall include evaluating the composition and work of the Board of Directors and providing proposals to the Annual General Meeting regarding: 

  • Chairman to preside over the Annual General Meeting
  • Directors and Chairman of the Board of Directors 
  • Fees to directors not employed by the Company
  • Where appropriate, election of a registered audit firm and audit fee

You can reach the nomination committee through the company address or via email info@remove-this.addtech.remove-this.com

Variable salary to the parent company's CEO and to Group Management is primarily based on the Group’s growth in earnings, profitability and cash flow and may be payable in an amount up to 30 percent of fixed salary.

In addition, a further premium of 20 percent may be payable of the variable remuneration received used in acquisition of shares in Addtech AB.

Auditor KPMG AB

Elected at the Annual General Meeting August 31, 2016.

Auditor in charge
Joakim Thilstedt
Authorized Public Accountant, KPMG. Born 1967.