At SEB's Annual General Meeting (AGM) this Tuesday the board members Annika
Falkengren, Urban Jansson, Tuve Johannesson, Tomas Nicolin, Christine Novakovic,
Jesper Ovesen, Carl Wilhelm Ros, Jacob Wallenberg and Marcus Wallenberg were
re-elected. Birgitta Kantola and Signhild Arnegård Hansen were elected as new
members of the Board. The AGM re-elected Marcus Wallenberg as Chairman of the
Board.
Penny Hughes resigned at her own request as per 20 October 2009, and
Hans-Joachim Körber has declared that he is not available for re-election.
The Director's fee remained unchanged (SEK 7,587,500) in accordance with the
Nomination Committee's proposal, as the board members had declined a raise. The
fee will be distributed as follows: SEK 2,062,500 to the Chairman of the Board
and SEK 3,525,000 to the other Directors elected by the AGM with SEK 450,000
each to the Deputy Chairmen and SEK 375,000 each to other board members, and a
total fee of SEK 2,000,000 for committee work.
The committee work fee is split accordingly: Risk and Capital Committee, SEK
510,000 to the Chairman and SEK 325,000 to other member, Audit and Compliance
Committee, SEK 387,500 to the Chairman and SEK 195,000 to other member and
Remuneration and Human Resources Committee, SEB 387,500 to the Chairman and SEK
195,000 to other member. No fee for committee work is distributed to the
Chairman of the Board.
At the statutory Board Meeting following the AGM, Jacob Wallenberg and Tuve
Johannesson were appointed Deputy Chairmen.
The AGM approved the Board of Director's proposal concerning guidelines for
salary and other remuneration for the President and members of the Group
Executive Committee. The guidelines comply in all material aspects with the
guidelines for remuneration approved by the AGM 2009, the Swedish Financial
Supervisory Authority regulations as well as the Swedish Corporate Governance
Code and are in line with international regulations. The remuneration structure
is based on three components: base pay, long-term equity based compensation and
pension and other benefits. Neither the President nor the members of the Group
Executive Committee receive any short-term cash based variable compensation.
The AGM approved the Board of Director's proposal concerning the three long-term
equity based programmes; a Share Savings Programme for all employees, a
Performance Share Programme for senior managers and key specialists and a Share
Matching Programme for selected top performers. Participation in the Share
Savings Programme and Share Matching Programme requires own investments. The
Performance Share Programme and Share Matching Programme are performance based
with predetermined quantitative performance criteria.
The AGM approved the Board of Director's proposals concerning the acquisition
and sale of the Bank's own shares, for the securities business, for long-term
equity based programmes and for capital purposes.
The AGM also approved a dividend of SEK 1.00 (one) per share and Monday 17 May,
2010, as record date for the dividend.
The decisions, as well as the speeches given at the AGM, can be read in full
atwww.sebgroup.com <http://www.sebgroup.com/>.
SEB is a North European financial group serving some 400,000 corporate customers
and institutions and five million private individuals. SEB offers universal
banking services in Sweden, Germany and the Baltic countries - Estonia, Latvia
and Lithuania. It also has local presence in the other Nordic countries, Ukraine
and Russia and a global presence through its international network in major
financial centres. On 31 March 2010, the Group's total assets amounted to SEK
2,285bn (~EUR 236bn) while its assets under management totalled SEK 1,382bn
(~EUR 143bn). The Group has about 21,000 employees. Read more about SEB
atwww.sebgroup.com <http://www.sebgroup.com/> <http://www.sebgroup.com/>.
_____________________________________________
For further information, please contact:
Ulf Grunnesjö, Head of Investor Relations, +46 8-763 85 01, +46 70-763 85 01
Viveka Hirdman-Ryrberg, Head of Group Communication, +46-8-7638577,
+46 70-550 35 00
[HUG#1414804]
