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Decisions approved by the Annual General Meeting of SAS AB 2005

April 14, 2005 17:05

On Thursday, April 13, 2005, the Annual General Meeting, in accordance with the proposal from the Nominations Committee, reelected all members of the Board of SAS AB: Egil Myklebust (Chairman), Berit Kjöll, Fritz H. Schur, Anitra Steen, Lars Rebien Sörensen and Jacob Wallenberg. In addition, Timo Peltola was elected as a new member. Timo Peltola is also Chairman of Ilmarinen Mutual Pension Insurance Company (supervisory board) and AW-Energy Oy, Deputy Chairman of Nordea AB (publ) and a member of the Boards of such companies as TeliaSonera AB (publ), Finnish Fair Corporation and the CVC Capital Partners Advisory Board.

It was also decided that the nominations committee shall comprise seven members and shall prepare a proposal to be presented for decision at the Annual General Meeting in 2006, defining the number of Board members, persons nominated as Board members and Chairman, remuneration for the Board, divided between the Chairman, Vice Chairman, other members, any remuneration for work on Board committees, auditors’ fees and an election committee for the Annual General Meeting in 2007.
The following persons were elected to the nominations committee: Eva Halvarsson, Ministry of Swedish Industry for the Swedish Government; Jacob Heinsen, Ministry of Finance, for the Danish Government; Reier Söberg, Norwegian ministry Trade and Industry, for the Norwegian Government; Palle Olsen for Pen-Sam Liv Forsikringsaktieselskab; Rune Selmar for Folketrygdfondet; Pia Rudengren for the Wallenberg Foundations; and Jarl Ulvin for Odin Förvaltning.
Auditing firm Deloitte & Touche AB was reelected as SAS AB’s auditors for a statutory mandate period of four years until the close of the Annual General Meeting in 2009.

The Meeting decided that no dividend would be paid to shareholders for 2004.

In the matter of the Articles of Association and other matters, the Annual General Meeting voted in favor of the proposals in the notification of the Meeting.

For further information, please contact
Sture Stølen, Head of Investor Relations, +46 8 797 1451


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