At the AGM, the income statement and balance sheet are adopted, the dividend is set, the Board and auditors (where applicable) are elected, their fees are determined, other items of legally ordained business are conducted, and decisions are made on proposals submitted by the Board and shareholders.
All shareholders who are registered in the shareholder register on a specified record date and who have notified the Company in due time of their intention to participate at the general meeting are entitled to attend the meeting and vote for the total number of shares they have. Shareholders can be represented by proxy.
Annual General Meeting 2021
Indutrade’s Annual General Meeting was held on 13 April 2021. Due to the coronavirus and the authorities’ regulations thereof, the Annual General Meeting was conducted only by advance voting, so called postal voting, in accordance with temporary legislation.
A presentation was held by the CEO, Bo Annvik, where he is commenting on the Company’s operations during the past year.
The AGM resolved to adopt the presented income statement and balance sheet and the consolidated income statement and consolidated balance sheet.
The AGM adopted the Board of Directors’ motion that a dividend of SEK 1.80 per share be paid for the 2020 financial year. The record date for the dividend was set to 15 April 2021 and payment is expected to be distributed on 20 April 2021.
The AGM resolved to discharge the directors and the President from liability for the financial year 2020.
In accordance with the proposal by the Nomination Committee, the AGM resolved that remuneration be paid in an amount of SEK 620,000 to the Chair of the Board, SEK 465,000 to the Deputy Chair of the Board, SEK 310,000 to each of the other non-executive directors, SEK 84,000 for the Audit Committee Chair, SEK 42,000 for each of the other Audit Committee members and SEK 31,000 for the Remuneration Committee Chair and members.
Bo Annvik, Susanna Campbell, Anders Jernhall, Bengt Kjell, Ulf Lundahl, Katarina Martinson, Krister Mellvé and Lars Pettersson were re-elected as directors. Katarina Martinson was reelected as Chair of the Board.
PricewaterhouseCoopers AB was re-elected as the Company’s auditor for the period until the end of the AGM 2022.
The AGM further resolved to adopt new guidelines for remuneration and other terms of employment for the senior executives in accordance with the Board of Directors’ proposal. The AGM also resolved to approve the Board of Directors’ remuneration report.
The AGM resolved to approve the Board of Directors’ proposal regarding the implementation of a long-term incentive programme (LTIP 2021) and hedging arrangements in respect thereof. LTIP 2021 consists of performance shares and compromises members of the group management, including the CEO, business unit managers, as well as subsidiary MDs and other key employees.
Finally, the AGM resolved to approve the Board of Directors’ proposal regarding amendments to the Articles of Association. The amendments enable the Company to hold general meetings by advance voting.