RaySearch Laboratories AB
At the general meeting 07.05.2026, Folketrygdfondet abstained from voting or voted against the following items for the following reasons:
Item 12.b: Elect Johan Löf
Folketrygdfondet opposes the election of the CEO to the board of directors as a matter of principle. One of the board’s main tasks is the supervision of company management, which includes appointment and dismissal of the CEO. Folketrygdfondet considers that board members can only supervise company management adequately if they are not recruited from among management. For this reason, we voted against this item.
Item 17.c: Authority to Transfer Own Shares (LTI 2026
The main concern is that the CEO is also the company’s controlling shareholder, holding approximately 52.56% of voting rights. In this context, granting additional equity-based incentive awards does not primarily serve as alignment between management and shareholders, but rather as an additional layer of compensation on top of an already dominant ownership position. For this reason, we voted against these items.
We therefore do not consider the proposed incentive structure to be appropriate, as it does not effectively enhance incentive alignment and raises concerns about the purpose and proportionality of equity-based remuneration.