Sunday, March 22, 2015

Ethics in focus at AGMs – Helsingborgs Dagblad

Stämmoperioden has crept up and running with, among others, Nordea, but next week it takes more speed with the other major banks. On Wednesday, it’s time for Handelsbanken, which has been in significantly under fire recently.

– As for any mess during meetings will focus mainly on companies Industrivärden sphere, and what has happened in the CEO – and the chairs of Handelsbanken and SCA, says Maria Country Born, savings economist at Skandia.

What began with revelations about a particularly frikostlig representation within the SCA, including hunting trips, has led to musical chairs at the head of the chairs.

Recently, the focus has been on Handelsbanken’s outgoing CEO Pär Boman’s compensation. That he declined to retain its miljonlön in his new role as Chairman does not make the problems disappeared, consider Albin Rännar, security manager at the association Shareholders’ Association.

– It is positive that someone takes their senses, but the whole mess is inappropriate, he said.

Annual general meetings give shareholders the opportunity to submit comments to the companies’ managements, and Shareholders’ Association is planning to raise issues of ethics and corruption, and also the auditors’ independence.

Maria Landborn believe that the discussion of Industrivärden can also spill over to other companies.

– There is a different view of what is okay to do with the company’s resources and money today than say ten years ago. It is reasonable to evaluate its policy from time to time, she says.

According Albin Rännar have Shareholders’ Association received questions from members of other companies may have the same “stale and outdated culture”.

Looking at the awards, which are decided on at meetings, located proposals this year in line with that expected, assesses Mary Landborn.

– Expectations of dividend season has been high and I would say that they met . The companies are financially strong and the outlook looks pretty good, she says.

But the Shareholders’ Association had wanted a little different mindset from the companies.

– We think it’s a bit unimaginative to hand out so much money . It takes a bit perfunctory. It should be possible to be more aggressive and invest in growth, says Albin Rännar.

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