Arjo AB

At the Arjo annual general meeting, Folketrygdfondet, manager of the Government Pension Fund Norway, voted against item 15(f) for the following reasons:

Item 15(f): Re-election of Joacim Lindoff to the Board of Directors

Folketrygdfondet opposes the inclusion of the CEO on the board of directors as a matter of principle. One of the board’s main tasks is to supervise company management, which includes appointment and dismissal of the CEO. Folketrygdfondet considers that board members can only supervise company management adequately if they are not recruited from among management.