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Securitas - AGM 06 May 2019

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

Under ITEM 11, the nomination committee proposes to increase the remuneration of the board of directors by almost 10%. In ECGS' view, the current fees are already at the upper level of Swedish market practice for a company with the size and complexity of Securitas and it therofore does not approve of any increases without adequate justification. Since the proposal is not adequately justified, ECGS recommends to vote OPPOSE.

Under ITEM 12, approval is sought for the (re-)election of the board of directors. In light of insufficient independent representation on the board of directors, ECGS recommends to vote OPPOSE.

Under ITEM 13, the nomination committee proposes to re-appoint PricewaterhouseCoopers as the Company's statutory auditor. In view of the level of non-audit fees as well as the current term in office of the auditor, ECGS recommends to vote OPPOSE.

Finally, ITEM 18 is a proposal made by a shareholder. ECGS does not support the proposal and accordinly recommends to vote OPPOSE.

Securitas AB Series B

Securitas is engaged in integrated security solutions. Co.'s main service offering categories are specialized guarding, mobile security services, monitoring, technical solutions and consulting and investigation services. Co. operates in 52 countries throughout North America, Europe, Latin America, the Middle East, Asia and Africa. Co. is organized into three business segments: Security Services North America, Security Services Europe and Security Services Ibero-America. In addition to the three business segments, Co. conducts guarding operations in the Middle East, Asia and Africa.


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