Shareholders’ Nomination Board
Nordea Bank Abp’s Shareholders’ Nomination Board was established with the task of presenting to the Annual General Meeting proposals concerning election of members of the Board of Directors, the Chair of the Board of Directors, the remuneration to the board members and other tasks assigned in its Charter.
The Shareholders’ Nomination Board is constituted yearly on the basis of the shareholdings on 31 August the year preceding the Annual General Meeting. The mandate is valid until a new Nomination Board has been constituted.
The four largest shareholders in terms of votes who wish to participate in the Shareholders’ Nomination Board are entitled to appoint one member each. In addition, the Chair of the Board of Directors participates in the Shareholders’ Nomination Board.
The Nomination Board constituted in September 2021 consisted of the following members:
- Ricard Wennerklint, Chief of Strategy, Sampo Plc
- Lars Ingemann Nielsen, Executive Vice President and CFO, Nordea-fonden
- Ann Grevelius, Non-Executive Director, Alecta
- Niko Pakalén, Partner, Cevian Capital AB
- Torbjörn Magnusson, Chair of the Board of Directors of Nordea Bank Abp
Ricard Wennerklint was appointed chair of the Shareholders’ Nomination Board.
The Nomination Board has worked hard on the recruitment of Board members and succession planning in accordance with its Charter, with focus on diversity and gender distribution and proposing a suitable and competent Board of Directors with strong ties to the Nordic countries. The Nomination Board announced its full proposals to the Annual General Meeting on 10 February 2022 and exhausted its duties defined in the Charter. Following Sampo Plc’s sale of its entire holding in Nordea Bank Abp announced by Sampo Plc on 29 April 2022, Ricard Wennerklint is no longer a member of the Nomination Board. A new Nomination Board is estimated to be constituted in September 2022 based on the shareholdings on 31 August 2022.