Thoughts?
The Board of Directors have received a proposal from the shareholders Elliot International L.P. and The Liverpool Limited Partnership, that it is resolved to distribute profits in accordance with Chapter 18, Section 11, of the Swedish Companies Act.
Item 15 – Resolutions on minority shareholder proposals in relation to (a) engagement of an independent financial advisor and (b) establishment of an independent clearance committee
15(a) Engagement of an independent financial advisor
Shareholders Elliot International L.P. and The Liverpool Limited Partnership proposes that the Annual General Meeting resolves that ”an independent financial advisor is retained in order to review and document the corporate benefit of the company (and its subsidiaries) in relation to any contemplated or effective agreements, transactions, sales, resource transfers or collaborations (including but not limited to intellectual property and research), and any other co-operations with closely related parties of the company.”
15(b) Establishment of an independent clearance committee
Shareholders Elliot International L.P. and The Liverpool Limited Partnership proposes that the Annual General Meeting resolves that ”an independent clearance committee is established in order to, on a case by case basis, handle issues relating to disclosure of information from the company (and its subsidiaries) to closely related parties and determine if such disclosure of information can be made in the best interest of the company and all its shareholders, and in order to review and approve, under the condition of satisfaction of corporate benefit on strict commercial terms and arm’s length terms without disadvantage to any shareholder, any contemplated agreements, transactions, sales, resource transfers or collaborations (including but not limited to intellectual property and research), and any other co-operation with closely related parties of the company.”
