At the EQT AB annual general meeting on 30 May 2023, Folketrygdfondet, manager of the Government Pension Fund Norway, voted against item 14(f) for the following reasons:

Item 14(f): Elect Gordon Orr to the board of directors

In Folketrygdfondet’s view, board members should not undertake assignments for the company outside of their duties to the board. Folketrygdfondet’s concern is that such assignments may negatively affect the board member’s independence and ability to perform his or her supervisory functions properly. Gordon Orr received additional compensation for consultancy services and involvement in a set up for APAC Investment Advisor Committee for EQT during the past fiscal year of a total amount of EUR 60,000. For this reason, Folketrygdfondet voted against item 14(f).