Governance, articles of association and nomination committee
The overall goal with corporate governance is to meet the owners demand on return on capital investments.
Corporate Governance
The term ‘corporate governance’ generally refers to the rules and structure put in place in order to govern and manage a limited company. Holmen applies the Swedish Code of Corporate Governance. Information on the Code is available on the Swedish Corporate Governance Board website, corporategovernanceboard.se.
The shareholders’ meeting, board of directors and CEO are the most central functions incorporated in the corporate governance concept. These are supplemented by a number of other corporate bodies, such as auditors and the nomination committee.
Governance Reports
Articles of Association
The articles of association for Holmen AB was registered with the Swedish Companies Registration Office on May 17, 2021, and was adopted by the Annual General Meeting on April 22, 2021.
The name of the company is Holmen Aktiebolag and it shall be situated in Stockholm.
The object of the company is to carry on forest management, produce and sell wood products, wood pulp, paper, energy and products made thereof, chemical products and engineering products as well as to own, hold and manage properties and to carry on other activities associated therewith.
Nomination Committee
The Annual General Meeting has decided to set up a Nomination Committee to submit the names of candidates for election to the Board, the fee to be paid to the Board and, in relevant years, the election of auditors and the auditors’ fee. Pursuant to the Annual General Meeting’s decision, the Nomination Committee shall consist of the Chairman of the Board and one representative of each of the three largest shareholders on 31 August each year.
The instruction for the Nomination Committee was adopted by the Annual General Meeting on April 5, 2005 (§ 17).