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Nomination Committees
 

The Annual General Meeting resolves how the nominations committee shall be appointed. The Annual General Meeting 2008 resolved that Axis shall have a nominations committee comprising of representatives of the three largest shareholders in the company as at August 31, the year before the annual general meeting. These shall each appoint a representative to the nominations committee by September 30 the year before the annual general meeting or at the latest six months prior to the annual general meeting. Axis’ nominations committee is composed of representatives from the three largest shareholders; Therese Karlsson (LMK Industri AB), Christer Brandberg (Inter Indu (Luxembourg) S.àr.l.) and Martin Gren (Grenspecialisten AB). Christer Brandberg is Chairman and Convener.

The work of the Nominating Committee

The sole task of the nominations committee is to prepare the general meeting’s resolutions in election and remuneration questions, as well as in certain procedural matters for the next nominations committee. The nominations committee shall give an account of its work at the annual general meeting. Its proposals are presented in the notice convening the annual general meeting and on the company’s website. As a basis for its proposals, the nominations committee shall consider to what extent the present Board meets the demands that will be made of the Board, on account of the company’s situation and future direction, among other things, by acquainting themselves with the result of the evaluation of the Board that has taken place.

Proposals and viewpoints from shareholders concerning the composition of the Board of Directors may be submitted in writing to the following address: Axis AB, attn. Adrienne Jacobsen, Emdalavägen 14, 223 69 Lund, Sweden, or by phone on +46 46 272 18 00.

Nominations Committee 2009

Axis’ Nominations Committee consists of Therese Karlsson (LMK Industri AB), Christer Brandberg (Inter Indu (Luxembourg) S.àr.l.) and Martin Gren (AB Grenspecialisten). Christer Brandberg is Chairman and Convener.

Committees

 
Remuneration committee

The task of the Remuneration Committee is to prepare decisions and guidelines relating to salary and other employment conditions for the management team (including President and CEO) and other personnel. The committee shall ensure that the guidelines for determination of salaries and other remuneration to the President and other persons in the management team, adopted by the Annual General Meeting, are followed. The Remuneration Committee shall report to the Board on an ongoing basis. The committee was appointed at the inaugural Board meeting after the Annual General Meeting and consists of Lars-Erik Nilsson (convener) and Olle Isberg. Information regarding the management team’s remuneration and other employment conditions can be found on page 55 in the annual report and information regarding outstanding incentive programs on page 55.

Audit Committee

The main tasks of the audit committee are to supervise the routines for the financial reporting as well as the internal control and the observance of rules and regulations connected to these issues, as well as to supervise the audit of the group. The Audit Committee shall on a continuous basis report to the Board. The company’s Chief Financial Officer shall, together with the company’s external auditors, attend the meetings.

The committee was appointed at the inaugural Board meeting after the Annual General Meeting and consists of Göran Jansson (convener), Charlotta Falvin, Martin Gren, Olle Isberg and Lars-Erik Nilsson.

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