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Nomination Committees
The three largest shareholders in the company on August 31 of the year before the annual general meeting shall, on September 30 of the year before the annual general meeting or at the latest six months prior to the annual general meeting, each appoint a representative to be a member of the Nominating Committee. Axis’ nominating committee is comprised of representatives from the three largest shareholders; Therese Karlsson (LMK Industri AB), Christer Brandberg (Inter Indu S.P.R.L) and Martin Gren (Grenspecialisten AB). Christer Brandberg is Chairman and Convener.
The nominating committee shall come up with proposals to the Board to be placed before the Annual General Meeting for resolution and also give an account of its work at the Annual General Meeting. The proposals of the nominating committee are presented in the notice convening the Annual General Meeting and on the company’s website. As a basis for its proposals, the nominating 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 observations from shareholders in respect of the composition of the Board may be made either in writing to: Axis AB, attn. Adrienne Jacobsen, Emdalavägen 14, 223 69 Lund, Sweden, or by phone on +46 46 272 18 00.
Committees
Remuneration committee
The task of the Remuneration Committee is to prepare decisions and guidelines relating to salary and 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 is appointed at the inaugural Board meeting after the annual general meeting. In 2007, the committee consisted of Lars-Erik Nilsson (convener) and Olle Isberg. During the year, the Committee held one meeting. Information regarding the management team’s remuneration and other employment conditions can be found on page 49 in the annual report and information regarding outstanding incentive programs on page 47.
Audit Committee
The Board has decided not to establish an audit committee. The Board believes that taking account of the limited size it is most appropriate that the entire Board carries out the tasks of the audit committee.
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