Nomination committee

Under the Swedish Corporate Governance Code, Cherry shall have a nomination committee, the purpose of which is to make proposals in respect of the chairman at general meetings, board member candidates, the chairman of the board of directors, the auditors and resolutions regarding the remuneration of board members and the auditor, and proposals for amendments to the instruction for the nomination committee.

Cherry’s nomination committee shall be composed of the representatives of the three largest shareholders in terms of voting rights listed in the shareholders’ register maintained by Euroclear Sweden as per 30 September each year, and the chairman of the board of directors, who will also convene the first meeting of the nomination committee.

Should any of the three largest shareholders abstain from their right to appoint a member of the nomination committee, the chairman of the board of directors shall offer other large shareholders to appoint members of the nomination committee. In this event, the offer shall be made in the order to the largest shareholders with respect to votes (that is, first to the fourth largest shareholder with respect to votes, thereafter to the fifth largest shareholder with respect to votes etc.). The procedure shall continue until the nomination committee has four members. However, a maximum of seven shareholders shall be contacted. The procedure shall continue until the nomination committee consists of three members. If, however, the nomination committee does not consist of three members, the Nomination Committee may appoint the remaining number of members.

The member representing the largest shareholder in terms of voting rights shall be appointed chairman of the nomination committee, unless otherwise decided by the members of the nomination committee. However, a board member shall not be the chairman of the nomination committee.

The composition of the nomination committee is to be announced no later than six months before the annual general meeting. Remuneration shall not to be paid to the members of the nomination committee. The mandate period of the nomination committee shall extend until the next nomination committee is appointed.

According to the principles for the appointment of the nomination committee, the composition of the nomination committee may be amended during the current mandate period due to changes in the circle of shareholders who appointed a representative to the nomination committee.

Shareholders who wish to contact the nomination committee can do so by e-mail to valberedningen@cherry.se or by letter to Cherry AB, Nomination Committee, Blekholmstorget 30, 111 64 Stockholm, Sweden.

Nomination committee 2017

Prior to the 2017 Annual General Meeting, the nomination committee consisted of Pontus Lindvall (nominated by the Hamberg family), Tom Anders Melheim (appointed by Klein Group AS), Emil Svärd (appointed by Prunus Avium Ltd), and Rolf Åkerlind (Chairman of Cherry AB).