Nomination committee

Telia Company’s Nomination Committee consists of representatives of the four largest shareholders in terms of votes at the turn of the month before the notice of the Annual General Meeting and which also wish to participate in the nomination process (“Nominating Shareholders”), and the Chair of the Board. The members of the Nomination Committee carefully consider potential conflicts of interest before accepting the assignment. The Nomination Committee presently consists of:

  • Daniel Kristiansson, Chair (the Swedish State)
  • Petter Söderström (Solidium Oy)
  • Erik Durhan (Nordea Funds)
  • Jan Andersson (Swedbank Robur Funds)
  • Marie Ehrling, Chair of the Board

In accordance with its instruction as adopted by the Annual General Meeting, the Nomination Committee shall:

  • Propose the number of Board members elected by the Annual General Meeting
  • Nominate the Chair, the Vice-Chair and other members of the Board
  • Propose the Board remuneration that is divided among the Chair, the Vice-Chair and other members and remuneration for serving on committees
  • Nominate the Chair of the Annual General Meeting
  • Nominate the external auditors and propose remuneration payable to the auditors
  • Nominate members of the Nomination Committee until the next Annual General Meeting

The Nomination Committee performs interviews and receives information from the Chair of the Board, other Board members, including employee representatives, and the CEO on internal work of the Board, Telia Company’s position and strategic direction, and other relevant circumstances. Based on this information, the Nomination Committee assesses the functioning of the Board and the competences needed in the Board as a whole. The Nomination Committee has concluded that competences currently needed are experiences from:

  • The telecommunications industry and industries closely related to it
  • Digitalization
  • Relevant markets
  • Consumer oriented operations and markets
  • Sustainability work
  • Board work in listed companies
  • Work in executive positions
  • Structural changes and change processes
  • Finance

On the basis of these competence needs, the Nomination Committee evaluates the competences of the present Board members and the composition of the Board. Taking into account the competences needed in the future, diversity, the gender distribution on the Board, the competences of present Board members and the present Board members’ availability for re-election, the Nomination Committee nominates Board members to the Annual General Meeting.

The Nomination Committee has reported that it complies with the provisions of the Swedish Corporate Governance Code and that it intends to report its activities on the company’s website. In its deliberations, the Nomination Committee has specifically discussed the Corporate Governance Code’s requirements on diversity and equal gender distribution in the Board. In its work, the Nomination Committee applies rule 4.1 of the Swedish Corporate Governance Code as its diversity policy. The objective of the policy is for the board to have a composition appropriate to the company’s operations, phase of development and other relevant circumstances; that the board members collectively are to exhibit diversity and breadth of qualifications, experience and background; and to strive for gender balance. The Nomination Committee has specifically discussed gender diversity in the Board as part of its efforts to compose the most competent Board. The annual general meeting 2017 resolved to appoint board members in accordance with the Nomination Committee’s proposal. Currently, four (4) of the board members elected by the general meeting are women and four (4) are men, i.e. an equal representation of women and men. The Nomination Committee reviews its instruction annually and as necessary proposes changes thereto to the Annual General Meeting.

Shareholders are welcome to send nomination proposals to the Nomination Committee. Proposals can be sent by e-mail to: forslagtill-styrelseledamot@teliacompany.com