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

Elected  

Independent of the Company/Management

Independent of Larger Shareholders

Marcus Wallenberg

1992 

Yes

No 1)

Håkan Buskhe

2011 

No 2) 

Yes

Sten Jakobsson

2008 

Yes

Yes

Danica Kragic Jensfelt

2017 

Yes

Yes

Sara Mazur

2013 

Yes

Yes

Daniel Nodhäll

2017 

Yes

No 3)

Bert Nordberg

2016 

Yes

Yes

Cecilia Stegö Chilò

2010 

Yes

Yes

Erika Söderberg Johnson

2017 

Yes

Yes

Joakim Westh

2010 

Yes

Yes

1) Member of Investor AB’s Board of Directors
2) President and CEO of Saab
3) Employed by Investor AB

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 the management, and that at least two of them are independent of the major shareholders.