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Atlas Copco AB

At the Atlas Copco general meeting 27 April 2021, Folketrygdfondet, manager of the Government Pension Fund Norway, voted against item 9.5 for the following reasons:

Item 9.5: Elect CEO Mats Rahmström as 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 item 9.5.

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