Vattenfall AB's Annual General Meeting (AGM) was held on Wednesday 28 April. Among other things, the AGM decided on a dividend payout of SEK 4.0 billion to its owner, the Swedish State.
Vattenfall’s owner was represented at the AGM voting by Ulrika Löfqvist, Deputy Director at the Ministry of Enterprise and Innovation.
Annual General Meeting decisions:
Adoption of balance sheet and income statement
The AGM adopted the income and balance sheet for Vattenfall AB and the Vattenfall Group.
The AGM decided on a dividend distribution of SEK 4 000 000 000 equivalent to 62 per cent of profit for the year attributable to the owner of the parent company for 2020.
Discharge of liability
The AGM decided to discharge the members of the board and the CEO from liability.
Guidelines for renumeration
The AGM approved the board's proposal for guidelines for remuneration to senior executives. The guidelines are designed in accordance with the Swedish Government’s principles for remuneration and are published at Vattenfall corporate governance.
Election of board members
The AGM decided that the number of AGM-elected members should be nine in number. Lars G Nordström, chairman since June 2011, was re-elected as Chairman of the Board. Viktoria Bergman, Ann Carlsson, Håkan Erixon, Mats Granryd, Tomas Kåberger, Jenny Lahrin, Fredrik Rystedt and Åsa Söderström Winberg were re-elected.
Remuneration to the board
The AGM decided on a remuneration fee of SEK 840,000 for the Chairman of the Board and SEK 390,000 for other board members. For work on the Audit Committee, a fee was set at SEK 103,000 for its chairman and SEK 78,000 for other members. A fee for work on the Remuneration Committee was set at SEK 60,000 for its chairman and SEK 45,000 for other members. No fees will be paid to employee representatives and those who are employed at the Swedish Government Offices.
Election of auditors and remuneration
The accounting firm PricewaterhouseCoopers AB was new-elected as auditor, with Eva Carlsvi as the auditor-in-charge. The AGM decided that the fee for the auditor’s work shall be paid as per approved invoice.
The Swedish government’s principles for state-owned companies
The AGM decided that the Swedish government’s principles for corporate governance in state-owned companies, for external reporting in state-owned companies as well as for terms of employment for senior executives in state-owned companies, will apply for Vattenfall AB.
For further information, please contact:
Vattenfall’s Press Office, telephone: +46 (0)8 739 50 10, email: firstname.lastname@example.org