Select language

  • A+

    How to resize pages

    Hold down the Crtl key. Press + to zoom in and - to zoom out.

Sandvik AB

At the Sandvik annual general meeting 28 April 2020, Folketrygdfondet, manager of the Government Pension Fund Norway, voted against item 13.1 for the following reasons:

Item 13.1: Election of Board Members: Stefan Widing

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 13.1.

Share