Saab 2010 Annual Report Download - page 130

is corporate governance report has been reviewed by the compa-
ny’s auditors pursuant to the Annual Accounts Act; see the auditors’
report attached to the corporate governance report.
Saab has not deviated from the provisions of the Code during
 and hence does not report any deviations from the Code.
Ownership structure and number of shares
Saab’s share capital amounted to  ,,, on  December
 and consisted of ,, series  shares and ,, series 
shares. Series  shares have ten votes each, while series  shares have
one vote each. One series  share may, on demand of the owner, be
converted into one series  share. e Saab shares are registered with
Euroclear Sweden . e quota value per share is  . e series
 shares are listed on   Stockholm on the large cap list.
e series  shares are not listed. A round lot consists of  shares.
All series  shares are owned by Investor .
Largest shareholders, 31 December 2010
According to SIX Ägarservice
Share of
capital, %
Share of
votes, %
Investor AB, Sweden 30.0 39.5
BAE Systems, UK 10.2 8.8
Wallenberg Foundations, Sweden 8.7 7.5
Nordea funds, Sweden 5.4 4.7
Swedbank Robur funds, Sweden 4.3 3.7
Fourth AP Fund, Sweden 1.9 1.6
Länsförsäkringar funds, Sweden 1.8 1.6
SEB Funds, Sweden 1.7 1.5
Orkla ASA, Norway 1.5 1.3
SHB funds, Sweden 1.4 1.2
Total 66.9 71.4
At the end of December , Saab held ,, series  shares, cor-
responding to . per cent of the capital as treasury shares. For addi-
tional information about the ownership structure, see page  and
. e Board of Directors has an authorisation from the Annual
General Meeting to repurchase shares; see page  for further infor-
mation.
Nomination Committee
e Annual General Meeting in April  resolved that Saab shall
have a Nomination Committee consisting of one representative of
each of the four shareholders or groups of shareholders with the great-
est number of votes, along with the Chairman of the Board. e names
of the four owners’ representatives and the shareholders they represent
shall be announced at least six months prior to the Annual General
Meeting  based on known voting rights as per  August . e
resolution includes procedures, where necessary, to replace a member
who leaves the committee before its work has been completed.
According to a resolution by the Annual General Meeting , the
Nomination Committee shall provide proposals regarding the following
issues, to be presented to the Annual General Meeting  for resolution:
(a) the Chairman of the meeting,
(b) the Board of Directors,
(c) the Chairman of the Board,
(d) the remuneration to the members of the Board, allocated
between the Chairman and other members of the Board, and
remuneration for committee work,
(e) election of the auditors
(f) audit fees, and
(g) appointment of a new Nomination Committee for the Annual
General Meeting .
Before the Annual General Meeting of Saab  on  April , it was
announced through a press release on  October  that, in addi-
tion to Chairman of the Board Marcus Wallenberg, the following
shareholder representatives had been appointed to Saab’s Nomina-
tion Committee (shareholder’s name in parentheses): Petra Heden-
gran (Investor ), Peter Wallenberg Jr (Knut and Alice Wallenberg
Foundation), Erik Feldt (Nordea Funds), and omas Eriksson
(Swedbank Robur Funds). Petra Hedengran is the Chairman of the
Nomination Committee.
ese persons represent in the aggregate approximately  per
cent of the votes in Saab based on the ownership structure as of
August .  Systems has waived the right to representation
on the Nomination Committee.
e proposals of the Nomination Committee will be presented
not later than in connection with the notice of the Annual General
Meeting .
Members of the Nomination Committee for
Annual General Meeting 2011
Member Representing
% of votes
31-8-2010
% of capital
31-8-2010
Petra Hedengran Investor AB 39.5 30.0
Peter Wallenberg Jr Knut and Alice Wallenberg
Foundation 7.5 8.7
Erik Feldt Nordea Funds 3.8 4.4
Thomas Eriksson Swedbank Robur Funds 2.5 2.9
Marcus Wallenberg Chairman of the Board,
Saab AB - -
Board of Directors
Composition of the Board
According to Saab’s articles of association, the Board of Directors
shall, in addition to the employee representatives, consist of at least
six and not more than twelve members. Members of the Board shall
be elected each year by the Shareholders’ Meeting. Saab’s Board of
Directors consists of ten members elected by the Shareholders’
SAAB ANNUAL REPORT 2010 127
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