Nomination Committee
In accordance with the Swedish Corporate Governance Code, Scandic shall have a Nomination Committee that is responsible for to make proposals to the General Meeting in respect of the elections of Chairman at General Meetings, the Directors of the Board, the Chairman of the Board of Directors, the auditor, resolutions regarding the remuneration of each Board member (divided between the Chairman of the Board and other Board members, and remuneration for committee work), the remuneration to the auditor, and to the extent deemed necessary, proposals for amendments to the instruction for the Nomination Committee.
In the event a shareholder who appointed a member of the Nomination Committee no longer is among the three largest shareholders, the member appointed by such shareholder shall resign and the shareholder who has become one of the three largest shareholders shall have the right to appoint its representative. If there are no special reasons, no change to the composition of the Nomination Committee shall be made if the change in the number of votes is minor or if the changes occur later than three months prior to the AGM.
About Scandic
Scandic is the largest Nordic hotel operator with a network of about 280 hotels with 58,000 hotel rooms in operation and under development in six countries. Scandic Friends is the biggest loyalty program in the Nordic hotel sector. Corporate responsibility has always been a part of Scandic’s DNA. Since December 2, 2015, Scandic has been listed on Nasdaq Stockholm. Read more about Scandic
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