The rules for ICA Gruppen’s Nomination Committee were adopted at the 2013 Annual General Meeting. The Nomination Committee is to comprise four members represent-ing the Company’s shareholders. Two of the members are nominated by the largest shareholder, which as of 31 August 2013 was ICA-handlarnas Förbund, and two by the two subsequent largest shareholders, which as of 31 August 2013 were AB Industrivärden and AMF – Insurance and Funds.
The Nomination Committee will present proposals regarding the following matters prior to the 2014 Annual General Meeting:
- Proposal for Chairman of the Meeting
- Proposal for members of the Board of Directors
- Proposal for Chairman of the Board
- Proposal for Board fees, broken down into amounts for the Chairman of the Board and other Board members and as remuneration for committee work
- Proposal for auditor or auditors and proposed fees to be paid to the Company’s auditor
The work of the Nomination Committee
The composition of the Nomination Committee was announced on 24 September 2013. ICA-handlarnas Förbund is represented by Claes Ottosson and Anna-Karin Liljeholm. AB Industrivärden is represented by Anders Nyberg, and AMF - Insurance and Funds by Anders Oscarsson. Up to and including 20 February 2014 the Nomination Committee had held three meetings. All the members were present at these meetings. No fees were paid by ICA Gruppen to the members of the Nomination Committee for their work.
At its initial meeting the Nomination Committee met separately with Chairman of the Board Claes-Göran Sylvén and with CEO Per Strömberg, in order to obtain information on ICA Gruppen’s operations, Board work and future focus areas. The Chairman of the Board also presented the results of the 2013 evaluation of the Board. Cecilia Daun Wennborg, who chairs the Audit Committee, and Göran Blomberg, member of the Audit Committee, reported on the work of the Audit Committee and on ICA Gruppen’s Treasury & Tax Function. This information provided the Nomination Committee with a good basis for assessing whether the composition of the Board is satisfactory, and the expertise and experience needed on the Board. The Nomination Committee’s proposals ahead of the 2014 Annual General Meeting is detailed in the notice of the meeting and on the Company's website.