Investor AB

At the Investor AB general meeting on 3 May 2022, Folketrygdfondet, manager of the Government Pension Fund Norway, voted against items 9 and 14B for the following reasons:

Item 9: Presentation of the Board of Directors’ Remuneration Report for approval

The remuneration report does not explain the rationale for a significant increase in fixed compensation to the CEO in 2021. For this reason, we voted against item 9. 
Item 14B: Re-election of CEO Johan Forsell to the Board of Directors

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 item 14B.