Munksjö Oyj: Proposals of the Shareholders' Nomination Board to the Annual General Meeting 2015
Helsinki, Finland, 2015-01-13 11:50 CET (GLOBE NEWSWIRE) --
MUNKSJÖ OYJ, STOCK EXCHANGE RELEASE 13 January 2015 at 11.50 a.m. CET
Munksjö Oyj: Proposals of the Shareholders' Nomination Board to the Annual
General Meeting 2015
The Nomination Board comprises representatives of the three largest
shareholders of the company and, in addition, of the Chairman of the Board of
Directors and a person nominated by the company's Board of Directors, as expert
members. According to its charter, the Nomination Board shall submit its
proposals to the Board of Directors at the latest on 31 January preceding the
next Annual General Meeting.
The Annual General Meeting of Munksjö Oyj will be held on Wednesday, 15 April
2015 at the Finlandia Hall in Helsinki. The notice to convene the Annual
General Meeting will be given later on by the Board of Directors.
The Nomination Board has at its meeting today submitted the following proposals
to the Annual General Meeting 2015;
Proposal on the composition of the Board of Directors
The number of Board members shall decrease by one and shall be confirmed at six
(6). Current members of the Board of Directors; Peter Seligson, Fredrik
Cappelen, Sebastian Bondestam, Elisabet Salander Björklund, Hannele
Jakosuo-Jansson and Alexander Ehrnrooth shall be re-elected. Caspar
Callerström, current member of the Board, has informed the Nomination Board
that he is not available for re-election. The proposed members of the Board of
Directors have indicated that they, if elected, will elect Peter Seligson as
the Chairman of the Board and Fredrik Cappelen as the Deputy Chairman of the
Board.
The CV's of the current members of the Board of Directors are available at
www.munksjo.com.
Proposal to amend the Charter of the Nomination Board following the secondary
listing on Nasdaq Stockholm
The Nomination Board proposes that the Charter of the Nomination Board be
amended, so that the right to nominate the shareholder representatives lies
with those three shareholders whose share of all the voting rights in the
company is on 31 May preceding the next Annual General Meeting the largest on
the basis of the shareholders' register of the company held by Euroclear
Finland Ltd and the register of the company's shareholders held by Euroclear
Sweden AB. Previously, the right to nominate was only based on the
shareholders' register held by Euroclear Finland Ltd.
Proposal on the remuneration of the members of the Board of Directors, the
Board committees and the Nomination Board
The annual remuneration of the Board of Directors shall increase. The Chairman
shall receive EUR 80,000 a year and the ordinary members EUR 40,000 each.
The annual remuneration of the Board committees shall remain unchanged with the
exception of an increase in the remuneration of the Chairman of the Audit
Committee. The Chairman of the Audit Committee shall annually receive EUR
12,000 and the ordinary members EUR 6,000 each. The Chairman of the
Remuneration Committee shall annually receive EUR 6,000 and the ordinary
members EUR 3,000 each.
The chairman of the Nomination Board shall annually receive EUR 6,000 and the
ordinary members EUR 3,000 each.
Travel expenses are proposed to be reimbursed in accordance with the company's
travel policy.
Munksjö Oyj
For more information, please contact:
Gustav Adlercreutz, Secretary of the Board of Directors and the Nomination
Board, tel. +358 10 234 5001
Munksjö - Materials for innovative product design
The Munksjö Group is an international specialty paper company with a unique
product offering for a large number of industrial applications and
consumer-driven products. Founded in 1862, Munksjö is among the leading
producers in the world of high-value added papers within attractive market
segments such as Decor paper, Release Liners, Electrotechnical paper, Abrasive
backings and Interleaving paper for steel. Given Munksjö's global presence and
way of integrating with its customers' operations, the company forms a global
service organisation with approximately 2,900 employees. Production facilities
are located in France, Sweden, Germany, Italy, Brazil, Spain and China. Munksjö
Oyj is listed on Nasdaq Helsinki and Nasdaq Stockholm. Read more at
www.munksjo.com.