Nomination of Members for the Board of Directors – a Swedish Version of Wag the Dog?
Published in Hanne Birkmose, Mette Neville & Karsten Engsig Sørensen (eds.), Boards of directors in European companies – reshaping and harmonising their organisation and duties, Kluwer Law International, 2013/2014
16 Pages Posted: 16 Oct 2020
Date Written: 2013
The Swedish nomination committee under the shareholders’ meeting is in theory something completely different than nomination committees in US or other jurisdictions.
These theoretical differences has led some corporate researches to believe in the Swedish (and Norwegian) corporate governance model with a shareholder appointed nomination committee as a model for active ownership. That might be true in a narrow mindset. However, it does raise some questions. Amongst them: to what extent does Swedish companies use the explain element in “comply or explain” to derivate from the solution in the Swedish corporate governance code, and is there any other reasons which influence the effectiveness of the Swedish model as a representative model of active shareholders’ and active ownership?"
Keywords: board members, nomination, corporate
JEL Classification: K22
Suggested Citation: Suggested Citation