Expert Corporate Governance Service (ECGS)
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Alfa Laval - AGM 24 April 2019

In general, Alfa Laval is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting.

Under ITEM 14, the nomination committee seeks approval of the (re-)election of the board of directors and the statutory auditor. Although ECGS has no concerns over the (re-)election of the auditor, it does not approve of the (proposed) composition of the board of directors, in view of concerns over aggregate time commitments of no less than 4 directors. Accordingly, ECGS recommends to vote OPPOSE.

Under ITEM 15, the board of directors seeks approval of the Company's remuneration guidelines. Although ECGS has no (major) concerns over the (proposed) amendments, the remuneration structure is not in line with its guidelines. Accordingly, ECGS recommends to vote OPPOSE.

There are no further peculiarities.

Alfa Laval AB

Alfa-Laval AB is a supplier of products and solutions in the technologies of heat transfer, separation and fluid handling. Co.'s equipment is used to heat, cool, separate and transport products in industries that produce food, beverages, fuel, chemicals, pharmaceuticals, starch, sugar and ethanol. They are also used aboard vessels, in power plants, in the engineering industry, for treating sludge and wastewater, for heating and cooling, and others. Co.'s products include: air heat exchangers, plate heat exchangers, shell-and-tube heat exchangers, thermal fluid systems, boilers, decanters, belt filter presses, high-speed separators, membrane filtration, pumps and valves, and tank equipment.


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