The nomination committee of Ericsson (NASDAQ:ERIC) proposes re-election of all the members of Board of Directors, Sir Peter L. Bonfield, Börje Ekholm, Katherine Hudson, Ulf J. Johansson, Sverker Martin-Löf, Nancy McKinstry, Anders Nyrén, Carl-Henric Svanberg, Michael Treschow and Marcus Wallenberg.
As a consequence, the number of Board members remains ten and no Deputy Board members are proposed.
The nomination committee proposes Michael Treschow be elected Chairman of the Board of Directors and Sverker Martin-Löf and Marcus Wallenberg Deputy Chairmen.
The nomination committee proposes a procedure for appointing members of the nomination committee among the largest shareholders by voting power. The committee also proposes no remuneration be paid to the committee members. The complete proposals of the nomination committee along with a report of the work of the nomination committee are available on the Company's website, www.ericsson.com, as of March 6, 2007.
The Board of Directors proposes a dividend of SEK 0.50 per share be paid for the year 2006 and Monday, April 16, 2007 as record day for dividend.
The Board of Directors also proposes principles for remuneration to top executives. The remuneration consists of fixed salary, variable components in the form of annual variable salary and long term variable compensation, pension and other benefits.
The Board of Directors proposes the implementation of a Long Term Variable Compensation Plan 2007 and transfer of own shares in accordance with the plan.
The Board of Directors proposes transfer of own stock in relation to the resolution on the Global Stock Incentive Program 2001, the Stock Purchase Plan 2003, and the Long Term Incentive Plans 2004, 2005 and 2006.
The Board of Directors complete proposals for resolutions are available at the Company's home page www.ericsson.com as of March 6, 2007. Upon request, the proposals will be sent to the shareholder free of charge.
Notice to the Annual General Meeting of Shareholders 2007 that takes place at 3 p.m. on April 11, 2007 will be published in Svenska Dagbladet, Dagens Nyheter, Financial Times (European edition) and in Post- och Inrikes Tidningar at website www.bolagsverket.se.
The Notice to the Annual General Meeting of Shareholders is found below.
Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world.
Read more at www.ericsson.com
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