Telia Company – AGM 02 April 2020
In general, Telia Company is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting.
Under ITEMS 12.1-12.9, the (re-)election of the board of directors is proposed.
In view of concerns over aggregate time commitments as well as other concerns, ECGS recommends to vote OPPOSE to the (re-)election of: Mr. Rickard Gustafson (ITEM 12.1), Mr. Lars-Johan Jarnheimer (ITEM 12.2), Mr. Olaf Swantee (ITEM 12.6) and proposed new nominees Mmes. Ingrid Bonde (ITEM 12.8) and Jeanette Jäger (ITEM 12.9).
Under ITEM 13.1 the nomination committee proposes to re-appoint Mr. Lars-Johan Jarnheimer as Chairman of the board of directors. ECGS has various concerns over his re-appointment and therefore recommends to vote OPPOSE.
Under ITEM 13.2 the nomination commitee proposes to newly appoint Ms. Ingrid Bonde as Vice Chairman of the board of directors. ECGS has various concerns over her appointment and accordingly recommends to vote OPPOSE.
Finally, ITEMS 22-23 are proposals made by shareholders. ECGS recommends to vote FOR ITEM 23a, but does not support ITEMS 22 and 23b.
Telia Company provides telecommunication services in the Nordic and Baltic countries, the markets of Eurasia, including Russia, Turkey and Spain. Co. has three business segments: Mobility Services, which comprises operations in Sweden, Finland, Norway, Denmark, Lithuania, Latvia, Estonia and Spain; Broadband Services, which comprises operations in Sweden, Finland, Denmark, Lithuania, Latvia (49.0%), Estonia and international carrier operations; and Eurasia, which comprises mobile operations in Kazakhstan, Azerbaijan, Uzbekistan, Tajikistan, Georgia, Moldova and Nepal. The business area also includes Co.'s shareholdings in OAO MegaFon, Russia and Turkcell Iletisim Hizmetleri A.S., Turkey.
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