Nomination Committee

The Nomination Committee prior to the 2018 Annual General Meeting comprises Carl Douglas (Investment AB Latour), Mikael Ekdahl (Melker Schörling AB), Liselott Ledin (Alecta), Marianne Nilsson (Swedbank Robur fonder) and Anders Oscarsson (AMF and AMF fonder). Carl Douglas is Chairman of the Nomination Committee. Carl Douglas is also Vice Chairman of ASSA ABLOY’s Board of Directors.

The Nomination Committee thus deviates from the Swedish Corporate Governance Code in that the Vice Chairman of the Board of Directors is Chairman of the Nomination Committee. The reason for this deviation is that the major shareholders consider it to be important to have the representative from the largest shareholder as Chairman of the Nomination Committee.

If a shareholder represented by one of the members of the Nomination Committee ceases to be among the major shareholders in ASSA ABLOY, the Committee has the right to appoint another representative of one of the major shareholders to replace such a member. The same applies if a member of the Nomination Committee ceases to be employed by such a shareholder or leaves the Nomination Committee before the 2018 Annual General Meeting.

The Nomination Committee has the task of preparing and recommending, on behalf of the shareholders, proposals for the election of the Chairman of the Annual General Meeting, the election of the Chairman, the Vice Chairman and other members of the Board of Directors, the appointment of the auditor, resolution on fees to the auditor and to the Board of Directors (including division between the Chairman, Vice Chairman and other members of the Board of Directors, as well as remuneration for committee work), as well as the appointment of members to the Nomination Committee and determination of the assignment of the Nomination Committee. The Audit Committee assists the Nomination Committee in work associated with the proposal regarding the appointment of the auditor.

Shareholders wishing to submit proposals to the Nomination Committee can do so by e-mailing: nominationcommittee@assaabloy.com. The Nomination Committee’s proposals for the 2018 Annual General Meeting are published at the latest in conjunction with the formal notification of the Annual General Meeting 2018.