Expert Corporate Governance Service (ECGS)
EUR 492.40 For Business Accounts Only

Etude de l'AG du 25/04/2017

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

Under ITEM 20, it is proposed to establish a(n) (external) nomination committee. Like several international institutional investors, ECGS has concerns over the bundled form under which the election of directors is put to shareholders vote in Sweden. We therefore have decided to take above mentioned concerns (if applicable) into account and express these at the resolution on the nomination committee, since in Sweden said committee is responsible for nominating candidates to the board of directors (either in bundled or unbundled form). As the election of the board of directors is proposed as a slate (bundled) at this year's AGM, we recommend opposition to the establishment of the nomination committee.

There are no further peculiarities.

Boliden AB

Boliden AB produces base metals such as zinc, copper and lead for industrial customers throughout Europe. Co.'s operations are conducted within two business areas, namely Mines and Smelters. Co.'s mining operations comprise eight mines located in four areas: Aitik, the Boliden Area and Garpenberg in Sweden, and Tara in Ireland. Co.'s exploration focuses on deposits that contain zinc, copper and precious metals. Co.'s smelters comprise the Kokkola and Odda zinc smelters, the Ronnskar and Harjavalta copper smelters, and the Bergsoe lead smelter. Co.'s smelters, Ronnskar, Harjavalta, Kokkola, Odda and Bergsoe, produce pure metals, customized alloys, and by-products such as sulphuric acid.


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