The mission
The responsibility of the Nominating Committee is to nominate the persons to be elected by the AGM as members of our Board of Directors. The Nominating Committee makes recommendations for the election of members to the Board of Directors and recommendations regarding the allocation of remuneration to the Chairman and other members of our Board of Directors and the allocation of remuneration in respect of committee work, if any. Such recommendations are presented at the AGM. The Nominating Committee also makes recommendations regarding the appointment of auditors, when applicable, and remuneration of the auditors. The Nominating Committee shall also make a recommendation regarding the procedure to be used in appointing members of the Nominating Committee for the next AGM.
Members
In accordance with the resolution of the AGM on May 4th, 2007 the nomination procedure for the Nominating Committee for the AGM 2008 was established. Accordingly, the Chairman of the Board of Directors contacted a representative of the largest shareholder, the Carlson Companies, plus two of the other largest shareholders. Each was offered the opportunity to appoint one representative of the Nominating Committee. The names of the committee members and the shareholders they represented were published in a press release and on the Rezidor website on October 23rd, 2007. The Nominating Committee for the AGM on April 23rd, 2008 consists of Mr. William Van Brunt representing the Carlson Companies (41.7%), Mr. Brian Meyer representing Fir Tree Funds (6.6% according to a statement dated October 16th, 2007 ) and Mr. Peter Rudman representing Nordea Investment Funds (5.6%). The members of the Nominating Committee have decided to appoint Mr. William Van Brunt to chair the committee. The press release also communicated the possibility for the shareholders to submit proposals to the Nominating Committee. As of December 31st, 2007 no proposals have been made. The Nominating Committee had one meeting in 2007, attended by all members, and during which minutes were taken. The Chairman of the Board also attended this meeting and updated the committee on the work of the Board of Directors. The Nominating Committee’s proposals and a report on how the Committee has conducted its work will be announced in connection with the notice to the AGM on April 23rd, 2008.
Representatives for the Nominating Committee for the 2008 AGM
Represents Position
William Van Brunt Carlson Companies
Brian Meyer Fir Tree Funds
Peter Rudman Nordea Investment Funds