The Shareholders’ Nomination Board prepares proposals for the Annual General Meeting for the election and remuneration of the members of the Board of Directors and the remuneration of the Board committees and the Nomination Board.
According to the charter of the Nomination Board, it shall comprise representatives of the three largest shareholders of the company and, in addition, of the Chairman of the Board and a person nominated by the Company’s Board of Directors as expert members.
The right to nominate the shareholder representatives lies with those three shareholders whose share of all the voting rights in the company is on 31 May preceding the next Annual General Meeting the largest on the basis of the shareholders’ register of the company held by Euroclear Finland and the register of shareholders held by Euroclear Sweden. However, holdings by a shareholder who, under the Finnish Securities Market Act, has the obligation to disclose its shareholdings (flagging obligation) that are divided into several funds or registers, will be summed up when calculating the share of all the voting rights, provided that such shareholder presents a written request to that effect to the Chairman of the company’s Board of Directors no later than on 30 May preceding the next Annual General Meeting. Further, holdings by a group of shareholders, who have agreed to nominate a joint representative to the Nomination Board, will be summed up when calculating the share of all the voting rights, provided that the shareholders in question present a joint written request to that effect together with a copy of such an agreement to the Chairman of the company’s Board of Directors no later than on 30 May preceding the Annual General Meeting. Should a shareholder not wish to use its nomination right, the right transfers to the next largest shareholder who would otherwise not have a nomination right.
Charter of the Nomination Board
Stock exchange releases related to the composition of the current and previous Nomination Board.
June 12, 2018: Nomination Board appointed
June 7, 2017: Nomination Board appointed
June 16, 2016: Nomination Board appointed
June 16, 2015: Nomination Board appointed
December 11, 2014: Change in Munksjö's Nomination Board
June 27, 2014: Nomination Board appointed
June 25, 2013: Board Committees elected and Nomination Board appointed
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A shareholder who wishes to submit a proposal to the Nomination Board may send the proposal to:
Executive Vice President, General Counsel Andreas Elving
Alvar Aallon katu 3 C
or via email: andreas.elving (at) ahlstrom-munksjo.com