Annual General Meeting 2013
The Annual General Meeting was held on 23 April 2013. The meeting was attended by 79 shareholders, in person or through a proxy, representing 77 percent of the votes. All meeting-elected Board members were present. Also present were the Company’s auditor and members of the nomination committee.
The meeting’s main decisions were as follows:
- Adoption of the Board’s proposal for payment of a dividend of SEK 0.50 per share for 2012.
- Payment of annual fees to the Board of Directors (excluding travel expenses) were set at SEK 1,925,000, distributed as follows: SEK 400,000 each to the Chairman and Deputy Chairman and SEK 225,000 to each of the other Board members who are not employees of the Group. The meeting also adopted auditors’ remuneration for reasonable costs, to be paid against invoice based on actual time spent on carrying out their assignments.
- Principles for remuneration and terms of employment for the CEO and other senior executives.
- Procedures for the appointment of the nomination committee and its work.
The nomination committee for the periodup to the 2013 meeting consisted of Carl Mikael von Mentzer (Deputy Chairman, Concordia Maritime), Karl-Magnus Sjölin (Stena Sessan AB) and Arne Lööw (Fjärde AP-fonden). The committee represented 76 percent of the shareholders’ votes. The composition of the nomination committee was announced on Concordia Maritime’s website on 2 October 2012.