Information from the 2012 AGM of H & M Hennes & Mauritz AB
On Thursday 3 May H & M Hennes & Mauritz AB held its Annual General Meeting under the chairmanship of lawyer Eva Hägg. The AGM approved the dividend of SEK 9.50 per share in accordance with the Board of Directors’ proposal. The record day is 8 May 2012. The dividend is expected to be paid out by Euroclear Sweden AB on 11 May 2012.
The AGM discharged the members of the Board and the Managing Director from liability for the 2010/2011 financial year.
All the Board members were re-elected: Mia Brunell Livfors, Anders Dahlvig, Lottie Knutson, Sussi Kvart, Bo Lundquist, Stefan Persson, Melker Schörling and Christian Sievert. As in 2011, the Board of Directors comprises eight members elected by the AGM. Stefan Persson was re-elected as Chairman of the Board.
The regular members appointed previously by the trade unions are Margareta Welinder and Marie Björstedt, with Tina Jäderberg and Ingrid Godin as deputy members.
The AGM approved the proposal from the Election Committee that the total Board fees be increased by SEK 175,000 to a total of SEK 5,025,000. The Board fees are broken down as follows: Chairman of the Board SEK 1,350,000; members elected by the AGM SEK 475,000; members of the Auditing Committee an extra SEK 100,000; and the chairman of the Auditing Committee an extra SEK 150,000.
The AGM approved the Election Committee’s proposed principles for the Election Committee and elected the members of the Election Committee for the period up to the appointment of a new Election Committee. The members of the Election Committee are Stefan Persson,
Lottie Tham, Liselott Ledin (Alecta), Jan Andersson (Swedbank Robur fonder) and Anders Oscarsson (AMF and AMF Fonder).
The AGM approved the resolution proposed by the Board concerning guidelines for remuneration to senior executives.