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General meeting of Gjensidige Forsikring ASA

At the annual general meeting of Gjensidige Forsikring ASA on 24 March 2022, Folketrygdfondet will vote against item 11 for the following reasons:

Item 11 – Proposal for amendment to the Company’s Articles of Association

Proposing candidates for shareholder-elected board members to the general meeting is a task for the nomination committee in Gjensidige Forsikring ASA. 

The elected board members shall represent all shareholders and are to be elected by the general meeting in accordance with the principle that one share equals one vote. 
As a matter of principle, it is our view that one shareholder should not be given a statutory special right to propose candidates to the company’s board. 
Therefore, Folketrygdfondet will vote against the proposed amendment to the company’s articles of association.