THE NOMINATION COMMITTEE’S REASONED STATEMENT ON ITS PROPOSAL FOR MEMBERS OF THE BOARD OF BONG AB (PUBL)
The Nomination Committee proposes re-election of the Board Members Stéphane Hamelin, Mikael Ekdahl, Anders Davidsson, Christian W. Jansson, Ulrika Eriksson and Eric Joan for the period up to and including the Annual General Meeting 2014. Further the Nomination Committee proposes new election of Stéphane Hamelin as Chairman of the Board for the aforementioned period.
As basis for its proposal, the Nomination Committee has taken into account the outcome of the evaluation made regarding the Board and its work. The Nomination Committee has thoroughly discussed the requirements regarding qualifications, experience and background that can be imposed on the Board of Bong AB considering, inter alia, the strategic development, management and control of the Company. The Nomination Committee has also considered matters of independence and equal gender distribution within the Board.
The Nomination Committee considers continuity in the Board’s work to be of vital importance to Bong AB. In view hereof, the Nomination Committee has proposed re-election of all of the present Board Members.
With regard to the Company’s operations, phase of development and other relevant circumstances, it is the opinion of the Nomination Committee that the proposed Board has an appropriate composition. When assessing the independence of the proposed Board Members, the Nomination Committee has found that the proposed composition of the Board of Bong AB complies with the independence requirements as set forth in the Swedish Code of Corporate Governance.