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.

Articles of association

Board of directors

  • 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.

    Shareholding in the company
    47 383 981 shares indirectly via Bark Partners AB and Qarlbo Associates SA

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

    Other assignments
    Board member of EQT Foundation, Bark Partners AB, Elins Hage AB, Pophouse Entertainment Group AB and Silver Life AB. Member of several Investment Committees within EQT – Equity, Real Assets and Public Value

    Previous assignments
    Chairperson of the board and Board member of EQT Partners Aktiebolag

    • 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

    Shareholding in the company
    25 000 shares (indirectly)

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

    Other assignments
    Chairperson of the board of SEB, Saab and FAM. Vice Chairperson of Investor and the Knut and Alice Wallenberg Foundation. Board member of AstraZeneca and member of The Royal Academy of Engineering Sciences.

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

    • 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

    Shareholding in the company
    -

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

    Other assignments
    Chairperson of the board of University of Rhode Island Board of Trustees, All Stars Project Inc, Chicago Board & National Board Member and Co-Chairperson at Bridgewater Associates

    Previous assignments
    President of Nuveen Advisory Services

    • 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

    Shareholding in the company
    -

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

    Other current assignments
    SVP Global Customer Success and MD APAC & MENA at Ripple, Aspen Institute, EmancipAction, The John Sloan Dickey Center for International Understanding at Dartmouth College, and Young Life.

    Previous assignments
    Chief Business Officer International at Uber. Board member of Global Synergy Acquisition Corp. Partner and Chairman of South East Asia at Goldman Sachs, CEO of Goldman Sachs India, and CEO of Goldman Sachs Singapore.

    • Born
      1967
    • Nationality
      American
    • Elected
      June 2022

  • Johan Forssell

    Board member

    Johan Forssell

    Education
    Master of Science in Economics and Business administration from Stockholm School of Economics

    Shareholding in the company
    3 000 shares

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

    Other assignments
    CEO and board member of Investor AB. Board member of Atlas Copco AB, Epiroc AB, Wärtsilä Oyj Abp, Patricia Industries, Confederation of Swedish Enterprise and Stockholm School of Economics. Member of the Royal Swedish Academy of Engineering Sciences (IVA).

    Previous assignments
    Board member of SAAB Aktiebolag.

    • Born
      1971
    • Nationality
      Swedish
    • Elected
      August 2015

  • Diony Lebot

    Board member

    Diony Lebot

    Education
    Masters in Finance and taxation from University Pantheon Sorbonne

    Shareholding in the company
    -

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

    Other assignments
    Deputy Chief Executive Officer of Société Générale and in charge of the control functions (Risk, Finance and Compliance) as well as Corporate & Social Responsibility, Diversity and Inclusion.

    Previous assignments
    -

    • 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

    Shareholding in the company
    31 530 shares

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

    Other assignments
    Chairperson of the board of Westchel Ltd. Board member of Sondrel PLC, Lenovo Group Ltd, China Britain Business Council, Swire Pacific Ltd, PCH Ltd, Phynova Ltd and Meituan Dianping Ltd.

    Previous assignments
    Partner and board member of McKinsey & Company. Board member of BioProducts Laboratory Ltd.

    • Born
      1962
    • Nationality
      British
    • Elected
      October 2018

  • Audit Committee

    The Company has an audit committee consisting of three members.

    Members
    • Chairperson
      Diony Lebot
    • Member
      Johan Forssell
    • Member
      Conni Jonsson

    The company has an audit committee consisting of three members: Diony Lebot (Chairperson), Johan Forssell and Conni Jonsson. 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), Conni Jonsson 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
      Shireesh Vasupalli
    • Appointed by Alecta
      Magnus Billing [1]
    • Chairperson of the Board of EQT AB
      Conni Jonsson

    As of 22 November 2022, shareholders having appointed members to the Nomination Committee represented approximately 38 percent of the voting rights for all shares of EQT AB.

    The Annual Shareholders’ Meeting of EQT AB will be held on Tuesday, 30 May 2023.

    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,
    103 27 Stockholm, Sweden

    by 13 March 2023, at the latest.

    The EQT Partnership Association
    The EQT Partnership Association is a non-profit association in which certain Partners are members. The EQT Partnership Association’s purpose is to act as manager of the EQT Foundation as well as to preserve the partnership feeling and EQT AB’s values within the EQT AB Group.

    1. As of 1 March 2023, Alecta appointed Magnus Billing to replace Henrik Gade Jepson as member of the Nomination Committee.

    In accordance with the principles for appointment of a nomination committee adopted by the Annual Shareholders’ Meeting 2020, 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 the EQT Foundation or a member of the EQT Partnership Association. 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 2023.

    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.

    EQT AB’s Nomination Committee for the Annual Shareholders’ Meeting 2023 has been appointed based on the ownership structure as of 31 August 2022, and taking into consideration subsequent changes of the ownership structure that impact the composition of the Nomination Committee.

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