Page 51 - Loomis Annual Report 2017

Loomis Annual Report 2017 Corporate Governance Report 47
Corporate Governance Organization
Nomination Committee
Shareholders
External auditors
Remuneration Committee
Audit Committee
Board of Directors
President / CEO
Executive Group
Risk Director
(operational control)
Segment /Regional Management
Country Management
Branch Manager
Group CFO
( nancial control)
Annual General Meeting
The general meeting of shareholders (Annual General Meeting, AGM) is held once a year to address matters including the follow- ing:
• Amendments to the Articles of Association
• Election of board members and decision on board fees
• Discharging the board members and the President from liability • Election of auditors
• Adoption of the statement of income and balance sheet
• Appropriation of the Company’s pro t or loss
• Resolution on guidelines for remuneration for the President and
other members of Group Management
• Decision to possibly introduce share-related incentive schemes
The 2017 AGM for Loomis AB (publ) was held on May 4, 2017 in Stockholm. Shareholders in attendance, in person or by proxy, represented 59.5 percent of the votes in the Company. The AGM was also attended by members of the Board and Group Manage- ment, as well as the auditor in charge.
For more information on Loomis’ Annual General Meetings and the 2018 AGM, refer to Loomis’ website, www.loomis.com, and page 122.
Nomination Committee’s work in preparation for the 2018 AGM
The Nomination Committee is a body established by the AGM and tasked with preparing for the election of members of the Board and the election of the Chairman of the Board, and with presenting pro- posals regarding remuneration of board members and other related matters to be addressed at the upcoming AGM. In addition, ahead of AGMs where auditors will be elected, the Nomination Committee is to consult with the Board and the Audit Committee to prepare for the election of auditors and decisions on auditors’ fees and related matters. The Nomination Committee has applied section 4.1 in the Code in regards to its work with the diversity of the board members. Diversity is an important factor for the Committee’s nomination work. The Nomination Committee continuously strives for an even gender distribution and breadth of quali cations, experience, and background among the board members. This is evident in current board composition. Information on which individuals were re-elected to Loomis’ Nomination Committee at the 2017 AGM is provided in the table on page 48.
The 2017 AGM decided that in cases where a shareholder repre- sented by a member of the Nomination Committee is no longer a principal shareholder in the Company (based on number of votes),