Nomination
There is no nomination committee or election committee in Vattenfall AB. This is in accordance with the Swedish state’s ownership policy.
Appointment of the Board
For enterprises that are wholly owned by the Swedish state, uniform and joint principles for a structured nomination process are applied, which take the place of the Code's rules on the appointment of directors and auditors.
The nomination process is co-ordinated by the State Enterprises Division of the Ministry of Enterprise, Energy and Communications. A work group analyses qualification needs based on the company’s operations and the current situation as well as the Board’s composition. Any recruitment needs are then determined and recruitment work is initiated.
Board members are chosen from a broad recruitment base in the aim of benefiting from the competence of men and women as well as of individual with varying backgrounds and experience.
Once this process has been completed, any nominations are to be made public in accordance with the Code’s guidelines, however, no report is made on the directors’independence with respect to the state as a major shareholder. Vattenfall provides orientation training for new directors who are elected by the AGM.
The State as a company owner (New window)
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