Independence Requirement

The table below sets forth the members of the Board elected by the Shareholders' Meeting who, according to the provisions of the Code, are considered independent in relation to the company and its management, as well as in relation to the company’s major shareholders.

Name

 

Independent of the Company/Management

Independent of Larger Shareholders

Marcus Wallenberg

 

Yes

No 1)

Håkan Buskhe

 

No 2) 

Yes

Johan Forssell

 

Yes

No 3)

Sten Jakobsson

 

Yes

Yes

Sara Mazur

 

Yes

Yes

Per-Arne Sandström

 

Yes

Yes

Cecilia Stegö Chilò

 

Yes

Yes

Lena Treschow Torell

 

Yes

No 4)

Joakim Westh

 

Yes

Yes

1) Member of Investor AB’s Board
2) President and CEO of Saab
3) Member of Investor AB’s Board and CEO of Investor AB.
4) Member of Investor AB’s Board.

Accordingly, the company fulfils the requirements of the Code that a majority of the Board Members appointed by the Shareholders’ Meeting are independent of the company and its management, and that at least two of them are independent of the major shareholders.