Pursuant to the Swedish Corporate Governance Code, a company listed on Nasdaq Stockholm shall have a nomination committee. The purpose of the nomination committee is to make proposals in respect of the chairman at the annual general meetings, board member candidates, including the position of chairman, fees and other remuneration for each member of the Board of Directors as well as remuneration for committee work and election of and remuneration for the external auditor.
The nomination committee shall consist of three members appointed by the three largest shareholders in terms of voting rights in the Company as of 31 July 2026. If any of the three largest shareholders in terms of voting rights does not exercise their right to appoint a member, this right to appoint such a nomination committee member is transferred to the next largest shareholder who does not already have the right to appoint a member of the nomination committee (however, not more than five shareholders are required to be contacted unless the chairman of the Board of Directors finds specific reasons for doing so). The chairman of the nomination committee shall be the member representing the largest shareholder in terms of voting rights, unless the members decide otherwise. However, the chairman of the Board of Directors shall never be the chairman of the nomination committee.
Ellos Holding AB (publ) - Instructions for the nomination committee