The Nomination Committee is formed in accordance with the Company’s Nomination Committee Process, which the shareholders approved at the 2020 AGM as applicable for all future AGMs, until a change is proposed by a Nomination Committee. According to the Process, the Company shall invite three of the larger shareholders of the Company based on shareholdings as per 1 June each year to form the Nomination Committee, however, the members are, regardless of how they are appointed, required to promote the interests of all shareholders of the Company.
The tasks of the Nomination Committee include making recommendations to the AGM regarding the election of the Chairman of the AGM, election of Board members and the Chairman of the Board, remuneration of the Chairman and other Board members, including remuneration for Board Committee work, election of the statutory auditor and remuneration of the statutory auditor.
Nomination Committee for the 2021 AGM
In accordance with the Nomination Committee Process, the Nomination Committee for the 2021 AGM consists of members appointed by three of the larger shareholders of the Company based on shareholdings as per 1 June 2020. The names of the members were announced and posted on the Company’s website on 16 June 2020. The Nomination Committee for the 2020 AGM consists of Filippa Gerstädt (representing Nordea Funds with a shareholding of 0.9%), Aksel Azrac (representing Nemesia S.à.r.l with a shareholding of 33.4%) and Ian H. Lundin (Chairman of the Board of Lundin Energy AB). Shareholders may submit proposals to the Nomination Committee for the 2021 AGM by e-mail to email@example.com not later than 21 December 2020.
Nomination Committee for the 2020 AGM
The members of the Nomination Committee for the 2020 AGM were announced and posted on the Company’s website on 16 October 2019 and consisted of the following members.
|Member||Appointed by||Meeting attendance||Shares represented at|
1 Aug 2019
|Shares represented at|
31 Dec 2019
|Independent of the Company and Group management||Independent of the Company’s major shareholders|
|Aksel Azrac||Nemesia S.à.r.l||4/4||28.1%||33.4%||Yes||No1|
|Filippa Gerstädt||Nordea Funds||4/4||0.7%||1.2%||Yes||Yes|
|Ian H. Lundin||Chairman of the Board|
of Lundin Energy
|Total|| Total 28.7%|
1 Nemesia S.à.r.l holds 33.4 percent of the shares in Lundin Energy.
2 For details see pages 42-43 of the Company’s 2019 Annual Report.