Nomination Committee

According to the Swedish Code of Corporate Governance, a company shall have a nomination committee.

The 2011 AGM resolved that the Nomination Committee shall have five members and that the five largest owners (as set forth in Euroclear Sweden´s register as of September 1, 2011) shall appoint one member each. The members shall among themselves appoint the chairman of the Committee. If a member resigns or is prevented from pursuing his/her assignment, the shareholder that has appointed the member shall appoint a new member. If the holding of the company is materially changed, the Nomination Committee may decide to change (at the discretion of the Committee) the representation of the Committee. No fees shall be paid to the members of the Nomination Committee. Out of pocket expenses shall be reimbursed by the company. The mandate of the Committee shall be until the members of the succeeding Committee has been published. The Nomination Committee shall pursue the tasks that, according to the Swedish Code of Corporate Governance, are the responsibility of the Nomination Committee.

The members of the nomination committee are Gillis Cullin (chairman), appointed by Östersjöstiftelsen (The Baltic Foundation); Rune Fransson, appointed by Karolinska Institutet Holding AB; Gustaf Vahlne, appointed by Tredje AP-fonden (Third Swedish National Pension Fund); Kerstin Stenberg, appointed by Swedbank Robur Fonder and; Todd Plutsky, appointed by Coastal Investment Management.