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Trelleborg AB

At the Trelleborg AB general meeting on 21 April 2021, Folketrygdfondet, manager of the Government Pension Fund Norway, voted against item 10 for the following reason:

Item 10: Elect CEO Peter Nilsson as a board member

Rationale:
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 item10.
 

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