Nomination committee

Biokraft's election committee is tasked with submitting proposals for the election of the chairman of the annual general meeting, election of board members, board chairman and auditor. The nomination committee must also propose board fees and other remuneration to each board member as well as remuneration for committee work, auditor's fees and, if appropriate, proposals for a nomination committee for the next annual general meeting.

The nomination committee's proposal for the AGM must be presented in the notice to the AGM.

Members of the nomination committee ahead of the 2024 AGM

At the 2024 annual general meeting, the members of the nomination committee will consist of Olav Sem Austmo (representing Aneo Renewables Holding AS), Jonas Bengtsson, (representing Bengtssons Tidnings AB), Christian Janssen (representing ST1 Sverige AB) and Anders Bengtsson, chairman of the board.

Appointment and term of office

The nomination committee shall consist of the chairman of the board and members of the three largest shareholders in terms of votes as of the last trading day in August. If any of these shareholders do not wish to exercise their right to appoint a member of the nomination committee, the shareholder next in line will be offered the right to appoint a member of the nomination committee, etc. If a member leaves the nomination committee before its work has been completed, a representative from the same shareholder may replace the departing member, if the nomination committee deems it necessary. The names of the members of the nomination committee and of the shareholders who have appointed them must be published no later than six months before the annual general meeting.

The nomination committee's term of office ends when the composition of a new nomination committee has been announced.

Composition

Board members may be appointed to the nomination committee but shall not constitute a majority of its members. If more than one board member is appointed to the nomination committee, at most, one of them may be dependent in relation to the company's major shareholder. The member who represents the largest shareholder in terms of votes shall be appointed chairman of the nomination committee.

Board members cannot be the chairman of the election committee. If the member who represents the largest shareholder in terms of votes is a board member, the nomination committee must appoint another member as chairman.

If a shareholder who is represented in the nomination committee reduces his shareholding in the company, the member representing such shareholder may resign and, if the nomination committee deems it appropriate, the shareholder who is next in line in voting order shall be given the opportunity to appoint a member instead. If the ownership relationships have otherwise changed significantly before the nomination committee's assignment has been completed, the nomination committee may decide to make changes to the nomination committee's composition.

Changes in the composition of the election committee must be announced as soon as possible.

The election committee's work

The nomination committee meets at least once a year.