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Husqvarna AB

At the Husqvarna AB general meeting, Folketrygdfondet, manager of the Government Pension Fund Norway, voted against item 11(a)(8) for the following reasons:

Item 11(a)(8): Election of Kai Wärn to the board of directors

Rationale:
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 management.