Annual General Meeting 2012
SSAB’s Annual General Meeting took place, March 26, 2012, in Stockholm. Resolutions adopted at SSAB’s 2012 Annual General Meeting
SSAB’s Annual General Meeting took place, March 26, 2012, in Stockholm. Resolutions adopted at SSAB’s 2012 Annual General Meeting
The Annual General Meeting determined the dividend at SEK 2.0 per share, with March 29, 2012 as the record date. Payment from Euroclear Sweden AB is expected to take place on April 3, 2012.
The Annual General Meeting granted the directors and the President discharge from liability for the 2011 financial year.
The Annual General Meeting resolved upon board fees in the amount of SEK 1,425,000 to the Chairman of the Board and SEK 475,000 to each director who is not employed in the Group. Compensation to members for committee work shall be payable in the amount of SEK 100,000 each, with the exception of the Chairman of the Audit Committee, who shall receive SEK 125,000. Fees to auditors shall be payable in accordance with approved invoices.
It was resolved that the Board of Directors shall comprise nine members. Directors Anders G Carlberg, Jan Johansson, Martin Lindqvist, Annika Lundius, Sverker Martin-Löf, Anders Nyrén, Matti Sundberg, John Tulloch and Lars Westerberg were re-elected.
Sverker Martin-Löf was re-elected as Chairman of the Board.
It was resolved that the number of auditors shall comprise a registered accounting firm. PricewaterhouseCoopers was re-elected up to and including the 2013 annual general meeting.
An instruction for the nomination committee was adopted. The instruction is substantially the same compared to the previous year, but will now apply until further notice.
Guidelines for determination of salary and other remuneration to the President and other senior executives were adopted in accordance with the Board’s proposal as set forth in the notice to attend the Annual General Meeting.
The full text of the guidelines is available on the Company's website.
The information was provided for publication on March 26, 2012.