The main task of the Nomination Committee is to propose candidates to the AGM for election to the Board of Directors. As required, the Nomination Committee − in consultation with the Board’s Audit Committee − shall also propose candidates for election as auditors.
Beyond this, the Nomination Committee works out proposals concerning remuneration to the Board, the chairman who presides over the AGM and remuneration to the auditors. The Nomination Committee also assesses the independence of Board members in relation to the company and its major shareholders.
The members of the Nomination Committee receive no compensation from the company.
In 2012 the AGM decided that Scania shall have a Nomination Committe consisting of the vice chairman of the Board of Directors and two to four additional members. Each of the four largest known shareholders in voting power is entitled to appoint a representative to the Nomination Committee. If the four largest shareholders appoint fewer than two members, the shareholders that are next largest in voting power are each entitled to appoint a member until the Nomination Committee consists of the chairman of the Board of Directors and three additional members.
The names of the Nomination Committee’s members and the names of the shareholders they represent shall be publicly announced no later than six months before the 2013 AGM and be based on known voting power immediately before the announcement. The term of office of the Nomination Committee shall run until a new Nomination Committee has been appointed. The Chairman of the Nomination Committee shall, unless the members otherwise agree, be a member who represents the shareholder with the largest voting power.
In preparation for the AGM in 2013, the following persons were appointed to serve on the Nomination Committee:
Leif Östling, Vice Chairman of Scania AB
Gudrun Letzel, representing Volkswagen AG – Chairman of the nomination committee
Wolfgang Betz, representing MAN SE
Anders Oscarsson, representing AMF
Proposals to the Nomination Committee
For proposals to the Nomination Committee, please use the following postal address, fax number or e-mail address:
Scania CV AB
S-151 87 Södertälje
Fax: +46-8-553 834 34