In accordance with a resolution at the Annual General Meeting (AGM) of Maha Energy AB, a Nomination Committee is formed. The Nomination Committee shall comprise of four members; the Chairman of the Board of Directors and three members appointed by the three largest registered shareholders as at 30 September of each calendar year. The appointed members of the Committee are required to promote the interests of all shareholders of the Company.
The aim of the Committee’s work is primarily to create an appropriate composition of the Board of Directors, through which the members’ combined expertise and experience creates a broad base that conforms well to Maha activities. The Board of Directors shall be characterized by diversity, relevant experience and background.
Terms of Reference
The Nomination Committee’s main purpose is to prepare and produce proposals, amongst others, the following:
- Number of members of the Board of Directors
- Remuneration to the Chairman of the Board of Directors, the other members of the Board of Directors and auditors respectively
- Election of auditors
- Remuneration, if any, for committee work
- The composition of the Board of Directors
- Chairman of the Board
The work of the Nomination Committee includes evaluation of the Board’s work, competence and composition, as well as the independence of the members. The Nomination Committee will also consider criteria such as the background and experience of the Board, and evaluate the ongoing work.
Shareholders who would like to submit proposals to the Nomination Committee can do so via email to firstname.lastname@example.org marked “Proposal to the Nomination Committee” or by ordinary mail:
Maha Energy AB
SE-114 51 Stockholm
The Nomination Committee's members for the year 2020-2021 are:
- Jonas Vestin
- Henrik Morén
- Ronald Panchuk
- Harald Pousette