Saab 2011 Annual Report Download - page 140
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Directors shall consist of ten members elected by the Shareholders’
Meeting, with no deputies. In addition, the employee organisations
appoint three Board Members, with an equal number of deputies.
At the Annual General Meeting on April , Johan Forssell,
Sten Jakobsson, Per-Arne Sandström, Cecilia Stegö Chilò, Åke Sven-
sson, Lena Treschow Torell, Marcus Wallenberg and Joakim Westh
were re-elected. Håkan Buskhe and Michael O’Callaghan were
elected as new board members at the Annual General Meeting. Erik
Belfrage and George Rose declined re-election. Michael O’Callaghan
later resigned from the Board of Directors on June as a result
of BAE Systems’ divestment of its shareholding in Saab. e Saab
Board of Directors has thereaer consisted of nine Board Members
elected by the Shareholders’ Meeting.
Marcus Wallenberg was elected Chairman of the Board of Direc-
tors. Only Håkan Buskhe, President and CEO of Saab, is employed
by the company.
Information on the remuneration to the members of the Board as
resolved by the Annual General Meeting is set forth in the
Annual Report, note .
Members of the Board elected by the Shareholders’ Meeting
Marcus Wallenberg Per-Arne Sandström
Håkan Buskhe Cecilia Stegö Chilò
Johan Forssell Åke Svensson
Sten Jakobsson Lena Treschow Torell
Michael O’Callaghan 1) Joakim Westh
1) Resigned on 16 June 2011 as a result of BAE Systems’ sale of its shareholding in Saab.
Other signicant professional commitments, work experience, etc.
are set forth in the presentation of the Board of Directors. See
pages–.
Employee representatives
Regulars Deputies
Stefan Andersson Göran Gustavsson
Catarina Carlqvist Jan Kovacs
Conny Holm Nils Lindskog
Independence requirement
e following table sets forth the members of the Board elected by the
Shareholders’ Meeting who, according to the provisions of the Code,
are considered independent in relation to the company and the man-
agement, as well as in relation to the company’s major shareholders.
Composition and independence of the Board in 2011
Board member Elected
Independent
of the
company/
management
Independent
of major
share holders
Marcus Wallenberg 1992 Yes No 1)
Håkan Buskhe 2011 No 2) Yes
Johan Forssell 2010 Yes No 3)
Sten Jakobsson 2008 Yes Yes
Michael O’Callaghan 4) 2011 Yes No4)
Per-Arne Sandström 2005 Yes Yes
Cecilia Stegö Chilò 2010 Yes Yes
Åke Svensson 2003 No 5) Yes
Lena Treschow Torell 2005 Yes No 6)
Joakim Westh 2010 Yes Yes
1) Former President and CEO of Investor AB
2) President and CEO of Saab
3) Employed by Investor AB
4) Employed by BAE Systems. Resigned on June 16, 2011, as a result of BAE Systems’ sale
of its shareholding in Saab
5) Former President and CEO of Saab
6) Member of Investor AB’s Board
Board of Directors, Saab AB.
136 SAAB ANNUAL REPORT 2011