Meny

Lundin Petroleum AB

At the Lundin Petroleum general meeting on 31 March 2020, Folketrygdfondet, manager of the Government Pension Fund Norway, voted against item 15(g) for the following reasons:

Item 15(g): Resolutions in respect of Board members: re-election of Alex Schneiter as a Board member

Rationale:
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 the supervision of 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.