Over the years the tasks of the Nomination Committee have evolved to comply with the requirements of the Code. The main task of the Committee remains to propose Board members for election by the Annual General Meeting (“AGM”). In doing this, the Committee must not only orientate itself on the Company’s strategy and future challenges to be able to assess the competence and experience that is required by the Board; it must also consider all applicable rules on independence of the Board of Directors and its committees.
In addition, the Committee prepares remuneration proposals, for resolution by the AGM, to non-employed Directors elected by the AGM and to the auditor.
The assignment of the Nomination Committee further includes proposing auditor, whereby candidates are selected in cooperation with the Audit Committee of the Board. The Committee also proposes a candidate for election of the Chairman at the AGM.
The AGM 2012 resolved on an Instruction for the Nomination Committee to apply until the general meeting of shareholders resolve otherwise. The instruction among other things includes a procedure on how to apppoint the members of the Nomination Committee and the assignment of the Nomination Committee.
The current Nomination Committee, appointed in accordance with the Instruction for the Nomination Committee resolved by the AGM 2012, consists of:
Shareholders who wish to submit proposals to the Nomination Committee are welcome to contact the Nomination Committee. Proposals shall be submitted in due time before the Annual General Meeting to ensure that the proposals can be considered by the Nomination Committee.
Telefonaktiebolaget LM Ericsson
The Nomination Committee
c/o General Counsel’s Office
SE-164 83 Stockholm
Ericsson Telecommunications Moldova S.R.L. - 29, Sfatul Tarii street - MD-2012 Chisinau -Moldova -Phone: +373 22 544 855