Electrolux 2015 Annual Report Download - page 144

were represented at the AGM. The President’s speech was
broadcasted live via the Group’s website and is also avail-
able on www.electroluxgroup.com/corporate-governance,
together with the minutes. The meeting was held in Swedish,
with simultaneous interpretation into English. The speech
of the President was held in English and simultaneously
interpreted into Swedish. All Board members, as well as the
Group’s auditor in charge, were present at the meeting.
Decisions at the Annual General Meeting  included:
• Dividend payment of SEK . per share for fiscal year .
• Re-election of the Board members Lorna Davis,
Hasse Johansson, Petra Hedengran, Ronnie Leten,
Keith McLoughlin, Bert Nordberg, Fredrik Persson,
Ulrika Saxon and Torben Ballegaard Sørensen.
• Re-election of Ronnie Leten as Chairman of the Board.
• Remuneration to the Board members.
• Approval of remuneration guidelines for Electrolux Group
Management.
• Performance-based, long-term incentive program for 
covering up to  managers and key employees.
• Authorization to acquire own shares and to transfer own
shares on account of company acquisitions and to cover
costs that may arise as a result of the share program for
.
Annual General Meeting 
The next AGM of Electrolux will be held on Wednesday,
April , , at Stockholm Waterfront Congress Centre in
Stockholm, Sweden.
For additional information on the next AGM and how to register attendance,
see page .
Nomination
Committee
Nomination Committee
The AGM resolves upon the nom-
ination process for the Board of
Directors and the auditors. The AGM
 adopted an instruction for the Nomination Committee
which applies until further notice. The instruction involves a
process for the appointment of a Nomination Committee
comprised of six members. The members should be one
representative of each of the four largest shareholders, in
terms of voting rights that wish to participate in the Commit-
tee, together with the Chairman of the Electrolux Board and
one additional Board member.
The composition of the Nomination Committee shall be
based on shareholder statistics from Euroclear Sweden AB
as of the last banking day in August in the year prior to the
AGM and on other reliable shareholder information which
is provided to the company at such time. The names of the
representatives and the names of the shareholders they
represent shall be announced as soon as they have been
appointed. If the shareholder structure changes during the
nomination process, the composition of the Nomination
Committee may be adjusted accordingly.
The Nomination Committee is assisted in preparing propos-
als for auditors and auditors’ fees by the company’s Audit
Committee. The Audit Committee evaluates the auditors’
work and informs the Nomination Committee of its findings.
The Nomination Committee’s proposals are publicly
announced no later than on the date of notification of the
AGM. Shareholders may submit proposals for nominees to
the Nomination Committee.
Nomination Committee for the AGM 
The Nomination Committee for the AGM  was com-
prised of six members. Börje Ekholm of Investor AB led the
Nomination Committee’s work.
For the proposal for the AGM , the Nomination
Committee made an assessment of the composition and
size of the current Board as well as the Electrolux Group’s
operations. Areas of particular interest were Electrolux
strategies and goals and the demands on the Board that
are expected from the Group’s positioning for the future.
The Nomination Committee also considered that a variety
as regards gender, age, nationality, educational back-
ground and term of office is represented among the Board
members.
The Nomination Committee proposed re-election of
all Board members of Electrolux and re-election of Ronnie
Leten as Chairman of the Board. After the election at the
AGM , three out of eight Board members elected at the
shareholders’ meeting are women (in this calculation, the
President and CEO has not been included in the total num-
ber of Board members). A report regarding the work of the
Nomination Committee was presented at the AGM .
Further information regarding the Nomination Committee
and its work can be found on the Group’s website;
www.electroluxgroup.com/corporate-governance.
Nomination Committee for the AGM 
The Nomination Committee for the AGM  is based on the
owner ship structure as of August , , and was announced
in a press release on September , .
The Nomination Committee’s members are:
• Johan Forssell, Investor AB, Chairman
• Mathias Leijon, Nordea Investment Management
• Kaj Thorén, Alecta
• Marianne Nilsson, Swedbank Robur funds
• Ronnie Leten, Chairman of Electrolux
• Torben Ballegaard Sørensen, Board member of Electrolux
Shareholders wishing to submit proposals to the
Nomination Committee should send an e-mail to
[e-mail].
The AGM resolves upon:
• The adoption of the Annual Report.
• Dividend.
• Election of Board members and, if applicable, auditors.
• Remuneration to Board members and auditors.
• Guidelines for remuneration to Group Management.
• Other important matters.
The Nomination Committee’s tasks include preparing
a proposal for the next AGM regarding:
• Chairman of the AGM.
• Board members.
• Chairman of the Board.
• Remuneration to Board members.
• Remuneration for committee work.
• Amendments of instructions for the Nomination Committee,
if deemed neccessary.
• Auditors and auditors’ fees, when these matters are to be decided
by the following AGM.
 ECTROLUX ANNUAL REPORT 2015
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