In accordance with the Swedish Corporate Governance Code, Scandic shall have a Nomination Committee that is responsible for to make proposals to the General Meeting in respect of the elections of Chairman at General Meetings, the Directors of the Board, the Chairman of the Board of Directors, the auditor, resolutions regarding the remuneration of each Board member (divided between the Chairman of the Board and other Board members, and remuneration for committee work), the remuneration to the auditor, and to the extent deemed necessary, proposals for amendments to the instruction for the Nomination Committee.
For the Annual General Meeting 2019, the Nomination Committee consists of the Chairman and representatives from the three largest shareholders based on the shareholder statistics from Euroclear Sweden AB as of August 31, 2018. Joel Lindeman, Provobis through Novobis AB, is elected as the Chairman of the Nomination Committee.
In the event a shareholder who appointed a member of the Nomination Committee no longer is among the three largest shareholders, the member appointed by such shareholder shall resign and the shareholder who has become one of the three largest shareholders shall have the right to appoint its representative. If there are no special reasons, no change to the composition of the Nomination Committee shall be made if the change in the number of votes is minor or if the changes occur later than three months prior to the AGM.