#AGM #2025 #Boliden

Boliden's Annual General Meeting Details Announced: Key Resolutions and Appointments

Boliden Annual General Meeting 2025 Overview

On April 23, 2025, Boliden hosted its Annual General Meeting (AGM) in Aitik, offering both a live experience and postal voting for shareholders. This event served as a significant platform for discussing the company's governance and operational strategies in the upcoming year.

Board of Directors Resolutions

During the AGM, the re-election of the entire Board of Directors was one of the key resolutions. The board members re-elected included:

- Helene Biström
- Tomas Eliasson
- Per Lindberg
- Perttu Louhiluoto
- Elisabeth Nilsson
- Pia Rudengren
- Karl-Henrik Sundström
- Derek White

Additionally, Victoire de Margerie was elected as a new board member. The board recognized Karl-Henrik Sundström as the re-elected Chairman, ensuring continuity in leadership.

The meeting also confirmed the discharge from liability for the board and President & CEO regarding their operational activities in the 2024 financial year, which signifies a vote of confidence in their governance.

Financial Resolutions

The AGM addressed important financial matters as well, resolving that the chairman would receive a remuneration of SEK 2,100,000, while the board members not employed by the company would receive SEK 700,000 each. Further, members of the Audit Committee were allocated fees, with the Chairman receiving SEK 350,000 and other members receiving SEK 175,000 each. The Remuneration Committee members were also compensated accordingly.

Notably, the income statements and balance sheets of both the Parent Company and the Group were approved. The proposed profit appropriation was also endorsed, which means that no dividends will be distributed to shareholders this year; instead, the funds are to be retained as earnings for further investment.

Amendments to Articles of Association

The Articles of Association received amendments to facilitate general meetings in Askersund and Örebro, reflecting Boliden’s commitment to accessibility and stakeholder engagement. Furthermore, it was agreed to include a sustainability assurance report in the annual report, emphasizing the company’s dedication to transparency and responsible governance.

Nomination Committee Instructions

The Nomination Committee’s proposal for new instructions was approved, outlining that a fresh committee will be appointed by the three largest shareholders based on voting as of August 31, 2025. This approach aims to enhance representation and ensure effective governance.

Auditing Firm Appointment

Boliden appointed Öhrlings PricewaterhouseCoopers (PwC) as the new auditor, responsible for overseeing the company's financial reporting until the next AGM. This decision is crucial for maintaining rigorous financial oversight and compliance.