Shareholders

Corporate Governance

EQT AB is a Swedish public limited liability company listed on Nasdaq Stockholm.

EQT AB applies the Swedish code of corporate governance (the Code). Any deviation from the Code will be reported in the company’s corporate governance report, which is prepared annually in connection with the annual report. The company’s corporate governance report is prepared in accordance with the Code and the Swedish Annual Accounts Act.

Articles of association

Board

  • Conni Jonsson

    Chairperson

    Conni Jonsson

    Education
    Bachelor of Science with majors in Economic Analysis and Accounting & Finance from Linköping University. Studies at the Management Development Program, Harvard Business School.

    Other current assignments
    Chairperson of the Board of EQT Foundation and Qarlbo AB. Board member of Bark Partners AB, Pophouse Entertainment Group AB, Qarlbo Natural Asset Company AB, Silver Life AB, Goldonder AB and Qarlbo Energy AB

    Previous assignments
    Chairperson of the Board of EQT Partnership Association. Chairperson of the Board and Board member of EQT Partners Aktiebolag and Qarlbo Partners AB

    Shareholding in the company
    47,388,552 ordinary shares (indirectly)

    Independency
    Independent of the Company and executive management: No
    Independent of major shareholders: No

    • Born
      1960
    • Nationality
      Swedish
    • Elected
      January 2012

  • Marcus Wallenberg

    Deputy Chairperson

    Marcus Wallenberg

    Education
    Bachelor of Science, Foreign Service, Georgetown University, Washington D.C USA

    Other current assignments
    Chairperson of the Board of SEB, Saab, FAM, Patricia Industries and Wallenberg Investments. Deputy Chairperson of Investor and the Knut and Alice Wallenberg Foundation. Board member of AstraZeneca. Chair of The Royal Academy of Engineering Sciences.

    Previous assignments
    Chairperson of Electrolux, International Chamber of Commerce and LKAB. CEO of Investor. Board member of Stora Enso and Temasek Holding

    Shareholding in the company
    27,673 shares (indirectly)

    Independency
    Independent of the Company and executive management: Yes
    Independent of major shareholders: No

    • Born
      1956
    • Nationality
      Swedish
    • Elected
      June 2021

  • Margo Cook

    Board member

    Margo Cook

    Education
    Executive MBA, Columbia Business School, Bachelor’s, Finance, University of Rhode Island. Chartered Financial Analyst (CFA)

    Other current assignments
    Chairperson of the Board of University of Rhode Island Board of Trustees. Independent Chairperson of MerQube. Co-chairperson of the Board of Bridgewater Associates. Vice Chairperson of the Board of All Stars Project Inc. Advisory Board member of Velocity and Legalist.

    Previous assignments
    Advisory Board member of TIFIN and President of Nuveen Advisory Services.

    Shareholding in the company
    5,048 shares

    Independency
    Independent of the Company and executive management: Yes
    Independent of major shareholders: Yes

    • Born
      1964
    • Nationality
      American
    • Elected
      June 2021

  • Brooks Entwistle

    Board member

    Brooks Entwistle

    Education
    Master of Business Administration, Harvard Business School, A.B., History, Dartmouth College

    Other current assignments
    Managing Director at Ripple and Senior Vice President of Global Customer Success. Board member of Aspen Institute, EmancipAction, The John Sloan Dickey Center for International Understanding at Dartmouth College and Young Life.

    Previous assignments
    CEO Goldman Sachs India and Chairman Goldman Sachs SouthEast Asia. Board member of Global Synergy Acquisition Corp. and Chief Business Officer International at Uber.

    Shareholding in the company
    4,010 shares

    Independency
    Independent of the company and executive management: Yes
    Independent of major shareholders: Yes

    • Born
      1967
    • Nationality
      American
    • Elected
      June 2022

  • Richa Goswami

    Board member

    Richa Goswami

    Education
    MS in International Marketing from University of Strathclyde. BS in Pharmaceutical Sciences from Goa College of Pharmacy

    Other current assignments
    Group Chief Marketing Officer at Fidelity International and Board member of the Mobile Marketing Association (APAC Chapter)

    Previous assignments
    Chief Customer and Marketing Officer at HSBC, Global Chief Digital Officer at Johnson & Johnson and Global Head, Next Generation Banking, at Standard Chartered Bank.

    Shareholding in the company
    -

    Independency
    Independent of the Company and executive management: Yes
    Independent of major shareholders: Yes

    • Born
      1972
    • Nationality
      Indian
    • Elected
      May 2024

  • Diony Lebot

    Board member

    Diony Lebot

    Education
    Masters in Finance and taxation from University Pantheon Sorbonne

    Other current assignments
    Board member of Alpha Bank and Ayvens

    Previous assignments
    Deputy Chief Executive Office of Societe Generale, in charge of ESG policies, the group’s financial services (ALD & SGEF) and Insurance activities of the Group

    Shareholding in the company
    10,096 shares

    Independency
    Independent of the Company and executive management: Yes
    Independent of major shareholders: Yes

    • Born
      1962
    • Nationality
      French and Greek
    • Elected
      June 2020

  • Gordon Orr

    Board member

    Gordon Orr

    Education
    MA in Engineering from Oxford University. MBA, Baker Scholar, Harvard Business School

    Other current assignments
    Chairperson of the Board of Westchel Ltd. Board member of China Britain Business Council, Lenovo Group Ltd, Meituan Ltd, Swire Pacific Ltd, and Fidelity China Special Situations PLC.

    Previous assignments
    Board member of Sondrel Ltd, BioProducts Laboratory Ltd and PCH Ltd.

    Shareholding in the company
    36,059 shares

    Independency
    Independent of the Company and executive management: Yes
    Independent of major shareholders: Yes

    • Born
      1962
    • Nationality
      British
    • Elected
      October 2018

  • Audit Committee

    The Company has an audit committee consisting of three members.

    Members
    • Chairperson
      Diony Lebot
    • Member
      Gordon Orr
    • Member
      Brooks Entwistle

    The company has an audit committee consisting of three members: Diony Lebot (Chairperson), Gordon Orr and Brooks Entwistle.

    Without it affecting the responsibilities and duties of the board of directors the Audit Committee is tasked with, among other things, monitoring the company’s financial reporting and the efficiency of the company’s internal controls and risk management, keeping itself informed about the audit of the annual financial statements and the consolidated financial statements, monitoring the handling of related party transactions, reviewing and monitoring the impartiality and independence of the auditors and paying special attention to whether the auditors are providing other services besides audit services to the company, and assisting in preparations for the purchase of auditing services as well as preparations for the annual shareholders’ meeting’s decision on the election of auditors.

    Diony Lebot is, on behalf of the Audit Committee, overseeing the work of the Cyber and Information Steering Committee.

  • Renumeration Committee

    The Company has a remuneration committee consisting of three members.

    Members
    • Chairperson
      Margo Cook
    • Member
      Brooks Entwistle
    • Member
      Marcus Wallenberg

    The company has a remuneration committee consisting of three members: Margo Cook (Chairperson), Brooks Entwistle and Marcus Wallenberg.

    The Remuneration Committee is tasked with preparing proposals on remuneration principles, remunerations and other employment terms for the executive management. The Remuneration Committee is also tasked with monitoring and evaluating programmes for variable remuneration for the executive management, the application of the guidelines for remuneration to the executive management adopted by the annual shareholders’ meeting as well as the current remuneration structures and remuneration levels in the company.

  • Sustainability Committee

    The Company has a sustainability committee consisting of three members.

    Members
    • Chairperson
      Gordon Orr
    • Member
      Margo Cook
    • Member
      Diony Lebot

    The Company has a sustainability committee consisting of three members: Gordon Orr (Chairperson), Margo Cook and Diony Lebot.

    The Sustainability Committee marks the first of its kind in the private capital space dedicated to sustainability at the Board level. Through quarterly meetings, the Committee will formalize ongoing discussions between Management and the Board to challenge the firm’s sustainability strategy in the context of an ever-evolving environment.

  • Nomination Committee

    Members
    • Chairperson, appointed by Investor AB
      Jacob Wallenberg
    • Appointed by Bark Partners AB
      Harry Klagsbrun
    • Appointed by Jean Eric Salata
      Cynthia Lee
    • Appointed by AMF Pension & Funds
      Anders Oscarsson
    • Chairperson of the Board of EQT AB
      Conni Jonsson

    EQT AB’s Nomination Committee for the Annual Shareholders’ Meeting 2024 has been appointed based on the ownership structure as of 31 August 2023.

    As of 31 August 2023, shareholders having appointed members to the Nomination Committee together represented approximately 37 percent of the voting rights for all shares of EQT AB.

    The Annual Shareholders’ Meeting of EQT AB will be held on Monday, 27 May 2024.

    Shareholders who would like to submit proposals to the Nomination Committee can do so by e-mail to nomination.committee@eqtgroup.com, or by ordinary mail under the address: EQT AB, Attn: Nomination Committee, Box 164 09, SE-103 27 Stockholm, Sweden, by 1 March 2024, at the latest.

    In accordance with the principles for appointment of a nomination committee adopted by the Annual Shareholders’ Meeting 2023, the members of the nomination committee of EQT AB should be appointed by the four largest shareholders in EQT AB, or the three largest shareholders and the EQT Foundation if none of the four largest shareholders is a member in EQT Foundation’s Member Committee or the EQT Foundation. In addition, the Chairperson of EQT AB shall be a member of the nomination committee.

    The nomination committee’s proposals will be submitted in connection with the notice of the Annual Shareholders’ Meeting 2024.

    The nomination committee is responsible for preparing and presenting proposals for Board fees (divided between the Chairperson, members and committees), Chairperson of the Meeting, remuneration of auditors, principles for the nomination committee and election of Chairperson, Board members and auditors.

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