Investor AB

At the Investor AB annual general meeting, Folketrygdfondet, manager of the Government Pension Fund Norway, voted against item 14.C for the following reasons:

Item 14.C: Election of Johan Forssell to the Board of Directors

Folketrygdfondet opposes the inclusion of the CEO on 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