A limited liability company shall hold an annual general meeting once a year. It is the highest decision-making body in the company where shareholders gather to make decisions about the company’s activities.
The past year’s balance sheets and income statements will be presented to the stämmat to approve. The coming year’s board of directors shall be appointed, often there will be the same, and the incumbent board of directors and the ceo shall be granted or denied liability for the financial year that has been.
given the recent allegations of money laundering, it is said to be the issue of discharge will be at its hottest on the bank’s part.
the Foundation is the ”Mission control” (UG) disclosure of comprehensive suspected money laundering in the bank’s baltic parts, with links to both Danske Bank-tangle, and a large Russian penningtvättsnätverk.
Few banks in the world are sanctuaries from the attempts at money laundering. But what stands out in Swedbank’s case is – if all medieuppgifter true – also the scope. It is about suspicious transactions corresponding to sek 80 billion that passed between Swedbank and Danske Bank between 2007 and 2015.
The second is Swedbank’s handling of the allegations. People who sounded the alarm internally about suspected money laundering should have been silenced down, or to and with been fired, the bank prevents employees from contacting the media, and the ceo Birgitte Bonnesen has repeatedly stated that they do not have any problems with money laundering.
in Addition, there is a preliminary investigation on the serious fraud office about suspected insider dealing – DN revealed – after that, the bank only informed the parts of the stock market if the Mission review the disclosure in advance. The investigation led to the serious fraud office raided the bank’s headquarters on Wednesday.
The suspicious transactions identified have been made between 2007 and 2015. The years cannot be dealt with at an annual general meeting of 2018.
However there can be a question of whether the board of directors and the ceo intentionally misled the market when you are repeatedly in the autumn of 2018 went out and categorically denied claims of money laundering and links to Danske Bank-tangle.
The latest revelations from the SVT and Today’s industry is applicable to both Bonnesen, and the board is felt to problematic transactions when the interviews were conducted. This is after the bank on its own initiative, gone through the suspicious transfers between Swedbank and Danske bank to see if there was any connection tangle in the Danish major banks have.
Primarily, the ceo Birgitte Bonnesens continued existence of the company. Pressure is growing and many think that her handling of the penningtvättsfrågan is beneath all criticism. At the same time she says she feel the confidence from the board of directors, and chairman of the board Lars Idermark has briefly confirmed that the trust is in a press release.
If she is forced to leave, or if there will be any reshuffle in the board of directors is difficult to know in advance, but it will be apparent at the meeting.
the controversy around Ekobrottsmyndighetens foray on Wednesday will, of course, also cast its shadow over the meeting.
At each annual general meeting, shareholders vote on the discharge in respect of the company’s ceo and board of directors. Mainly, it means that one observes that the persons in question have not been detrimental to the company during the past year, and no claim for damages may be brought against them.
For that discharge should be denied is required that the owner who controls at least one-tenth of the shares are voting no at the meeting. So here are the holding out among the five largest shareholders:
Sparbanksgruppen: 10,71%.
Folksam: 6,97 per cent.
Alecta: 4,84 percent.
Swedbank Robur: 4,69 percent.
AMF: 4,44 percent.
