This proposal requires the affirmative support of shareholders holding at least two thirds of the votes given for this resolution and of the shares represented at the Annual General Meeting.
Resolution regarding the nomination procedure for the Annual General Meeting in 2014 (item 25)
The Nomination Committee proposes that the nomination procedure for the Annual General Meeting in 2014 shall follow the Nomination Committee Process, which provides that the Chairman of the Board shall invite three or four of the larger shareholders of the Company based on shareholdings as per 1 August 2013 to form a Nomination Committee for the 2014 Annual General Meeting. The Nomination Committee shall according to the Nomination Committee Process prepare proposals for the following resolutions: (i) Chairman of the Annual General Meeting; (ii) number of members of the Board of Directors; (iii) members of the Board of Directors; (iv) Chairman of the Board of Directors; (v) remuneration of the members of the Board of Directors, distinguishing between the Chairman and other members and remuneration for Board Committee work; (vi) auditor of the Company (when needed); (vii) remuneration of the Company's auditor; and (viii) Nomination Committee Process for the 2015 Annual General Meeting.
The full Nomination Committee Process is available on Lundin Petroleum's website www.lundin-petroleum.com.
Shareholder proposal in relation to certain international guidelines on corporate responsibility, including to initiate an independent process to identify past human rights impacts (item 26)
The Company has received a shareholder proposal in relation to support for and compliance with certain international guidelines on corporate responsibility, including to initiate an independent process to identify when and how the Company and its legal predecessors may have caused or contributed to adverse human rights impact in the past, in particular relating to past operations in Sudan. The Company already has a strong commitment to international standards of corporate social responsibility and internationally recognised human rights, including under the Company's Code of Conduct and as a member of the United Nations Global Compact. In addition, a substantially similar shareholder proposal was brought by the same shareholder to the 2012 Annual General Meeting, where it was overwhelmingly rejected. Therefore, the Board of Directors finds this proposal not in the best interests of the Company and its shareholders, and recommends voting against the proposal. The complete proposal, as well as the Board of Directors' recommendation to vote against the proposal and the reasons for the recommendation, are available on Lundin Petroleum's website www.lundin-petroleum.com.
Lundin Petroleum AB's share capital amounts to SEK 3,179,105.80, represented by 317,910,580 shares. Each share carries one vote. Lundin Petroleum AB holds, as per 9 April 2013, 7,368,285 own shares which cannot be represented at the Annual General Meeting. The Company's Articles of Association are available on Lundin Petroleum's website www.lundin-petroleum.com.
The Board of Directors and the Chief Executive Officer shall, if a shareholder so request and the Board considers that it may do so without significant damage to the Company, give information at the Annual General Meeting regarding circumstances that could affect the assessment of an item on the agenda and circumstances that could affect the assessment of the Company's or a subsidiary's financial situation. The duty to give information also applies to the Company's relationship with another Group company and the consolidated financial statements.
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