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Skandinaviska Enskilda Banken AB

Ticker: SEB.A

Meeting date: 19/03/2024

Meeting type: Annual

Proposal Mgt rec Vote
Management proposals
1 Proposal Open Meeting Mgt rec None Vote None
2 Proposal Elect Chairman of Meeting Mgt rec For Vote For
3 Proposal Prepare and Approve List of Shareholders Mgt rec None Vote None
4 Proposal Approve Agenda of Meeting Mgt rec For Vote For
5.1 Proposal Designate Anna Magnusson as Inspector of Minutes of Meeting Mgt rec For Vote For
5.2 Proposal Designate Carina Sverin as Inspector of Minutes of Meeting Mgt rec For Vote For
6 Proposal Acknowledge Proper Convening of Meeting Mgt rec For Vote For
7 Proposal Receive Financial Statements and Statutory Reports Mgt rec None Vote None
8 Proposal Receive President's Report Mgt rec None Vote None
9 Proposal Accept Financial Statements and Statutory Reports Mgt rec For Vote For
10 Proposal Approve Allocation of Income and Dividends of SEK 8.50 Per Share Mgt rec For Vote For
11.1 Proposal Approve Discharge of Jacob Aarup-Andersen Mgt rec For Vote For
11.2 Proposal Approve Discharge of Signhild Arnegard Hansen Mgt rec For Vote For
11.3 Proposal Approve Discharge of Anne-Catherine Berner Mgt rec For Vote For
11.4 Proposal Approve Discharge of Annika Dahlberg Mgt rec For Vote For
11.5 Proposal Approve Discharge of John Flint Mgt rec For Vote For
11.6 Proposal Approve Discharge of Winnie Fok Mgt rec For Vote For
11.7 Proposal Approve Discharge of Anna-Karin Glimstrom Mgt rec For Vote For
11.8 Proposal Approve Discharge of Svein Tore Holsether Mgt rec For Vote For
11.9 Proposal Approve Discharge of Charlotta Lindholm Mgt rec For Vote For
11.10 Proposal Approve Discharge of Sven Nyman Mgt rec For Vote For
11.11 Proposal Approve Discharge of Marika Ottander Mgt rec For Vote For
11.12 Proposal Approve Discharge of Lars Ottersgard Mgt rec For Vote For
11.13 Proposal Approve Discharge of Jesper Ovesen Mgt rec For Vote For
11.14 Proposal Approve Discharge of Helena Saxon Mgt rec For Vote For
11.15 Proposal Approve Discharge of Johan Torgeby (as Board Member) Mgt rec For Vote For
11.16 Proposal Approve Discharge of Marcus Wallenberg Mgt rec For Vote For
11.17 Proposal Approve Discharge of Johan Torgeby (as President) Mgt rec For Vote For
12.1 Proposal Determine Number of Members (11) and Deputy Members (0) of Board Mgt rec For Vote For
12.2 Proposal Determine Number of Auditors (1) and Deputy Auditors (0) Mgt rec For Vote For
13.1 Proposal Approve Remuneration of Directors in the Amount of SEK 3.7 Million for Chairman, SEK 1.2 Million for Vice Chairman and SEK 925,000 for Other Directors; Approve Remuneration for Committee Work Mgt rec For Vote For
13.2 Proposal Approve Remuneration of Auditors Mgt rec For Vote For
14a1 Proposal Reelect Jacob Aarup Andersen as Director Mgt rec For Vote For
14a2 Proposal Reelect Signhild Arnegard Hansen as Director Mgt rec For Vote For
14a3 Proposal Reelect Anne-Catherine Berner as Director Mgt rec For Vote For
14a4 Proposal Reelect John Flint as Director Mgt rec For Vote For
14a5 Proposal Reelect Winnie Fok as Director Mgt rec For Vote For
14a6 Proposal Reelect Svein Tore Holsether as Director Mgt rec For Vote For
14a7 Proposal Reelect Sven Nyman as Director Mgt rec For Vote For
14a8 Proposal Reelect Lars Ottersgard as Director Mgt rec For Vote For
14a9 Proposal Reelect Helena Saxon as Director Vote rationale: Board decisions that are particularly vulnerable to conflicts of interest should have additional safeguards. Management should not serve on the audit or remuneration committees. The audit committee should have a majority of independent, shareholder-elected members. Global Voting Guidelines Board independence Mgt rec For Vote Against
14a10 Proposal Reelect Johan Torgeby as Director Mgt rec For Vote For
14a11 Proposal Reelect Marcus Wallenberg as Director Vote rationale: Board decisions that are particularly vulnerable to conflicts of interest should have additional safeguards. Management should not serve on the audit or remuneration committees. The audit committee should have a majority of independent, shareholder-elected members. Global Voting Guidelines Board independence Mgt rec For Vote Against
14b Proposal Reelect Marcus Wallenberg as Board Chair Vote rationale: Board decisions that are particularly vulnerable to conflicts of interest should have additional safeguards. Management should not serve on the audit or remuneration committees. The audit committee should have a majority of independent, shareholder-elected members. Global Voting Guidelines Board independence Mgt rec For Vote Against
15 Proposal Ratify Ernst & Young as Auditors Mgt rec For Vote For
16a Proposal Approve Remuneration Report Mgt rec For Vote For
16b Proposal Approve Remuneration Policy And Other Terms of Employment For Executive Management Mgt rec For Vote For
17a Proposal Approve SEB All Employee Program 2024 for All Employees in Most of the Countries where SEB Operates Mgt rec For Vote For
17b Proposal Approve SEB Share Deferral Program 2024 for Group Executive Committee, Senior Managers and Key Employees Mgt rec For Vote For
17c Proposal Approve SEB Restricted Share Program 2024 for Other than Senior Managers in Certain Business Units Mgt rec For Vote For
18a Proposal Authorize Share Repurchase Program Mgt rec For Vote For
18b Proposal Authorize Repurchase of Class A and/or Class C Shares and Reissuance of Repurchased Shares Inter Alia in for Capital Purposes and Long-Term Incentive Plans Mgt rec For Vote For
18c Proposal Approve Transfer of Class A Shares to Participants in 2024 Long-Term Equity Programmes Mgt rec For Vote For
19 Proposal Approve Issuance of Convertibles without Preemptive Rights Mgt rec For Vote For
20a Proposal Approve SEK 411 Million Reduction in Share Capital for Transfer to Unrestricted Equity Mgt rec For Vote For
20b Proposal Approve Capitalization of Reserves of SEK 411 Million for a Bonus Issue Mgt rec For Vote For
21 Proposal Approve Proposal Concerning the Appointment of Auditors in Foundations Without Own Management Mgt rec For Vote For
Shareholder proposals
22 Proposal Change Bank Software Mgt rec None Vote Against
23 Proposal Instruct Board of Directors to Revise SEB Overall Strategy to be in Line with the Paris Agreement Goals Mgt rec None Vote Against
Management proposals
24 Proposal Close Meeting Mgt rec None Vote None

Disclaimer

This page contains certain information as to the voting intentions of Norges Bank in its role as manager of the Government Pension Fund Global. This disclosure is provided to promote transparency as to Norges Bank’s engagement with investee companies, and in view of its approach to responsible investing. Norges Bank’s voting intention is an internal decision and has not been agreed with any third party. Please note the following:

  • This disclosure is provided for information purposes only. It does not constitute advice and should not be taken as a recommendation or an instruction on any matter, including whether any relevant third party should buy, sell or retain shares, or how any third party should exercise any voting rights they may have. Any person who wishes to obtain advice should seek this from a professional adviser. This disclosure is not a proxy solicitation and is not intended to influence the vote of other shareholders.
  • No reliance should be placed on this information or its accuracy, and Norges Bank accepts no responsibility or liability for any action taken or not taken on the basis of this information. Any relevant third party should form their own views based on their own analysis of the relevant facts and circumstances.
  • To be clear, Norges Bank has no duty of care in respect of any third party who decides to view this disclosure, which shall be done entirely at their own risk.
  • Any information in this disclosure is subject to change without notice. In particular, be aware that Norges Bank’s intentions and the holdings of the Government Pension Fund Global may change over time and, to the extent permitted by applicable law, Norges Bank disclaims any responsibility to update this information as a result of such changes or for any other reason.
  • Securities lending or other activity may mean that the votes cast by Norges Bank are significantly different than its economic or published holding of shares, or significantly different from its holding at the date of this disclosure. No assumption should be made or reliance placed on the number of votes that will be cast.
  • Norges Bank is not subject to any prohibition on securities lending, trading or other activity as a result of this disclosure at any point prior to or after the publication of this disclosure.
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