avatar SSAB Swedish Steel B.V. Wholesale Trade

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    PRICEWATERHOUSE(OOPERS To the Annual General Meeting of Shareholders in SSAB AB (publ.), Corporate Identity Number 556016-3429 Auditor’s report, in accordance with the Swedish Companies Act (SFS 2005:551), 8:54, regarding whether there has been compliance with the guidelines for compensation to senior management resolved upon by the Annual General Meeting. Introduction We have examined the compliance of the Board of Directors and the Managing Director of SSAB AB (publ.), during 2009, with the guidelines regarding compensation to senior management resolved upon by the Annual General Meeting of Shareholders on 28 March 2008 and the Annual General Meeting of Shareholders on 31 March 2009. The Board of Directors and the Managing Director are responsible for compliance with the guidelines. Our responsibility is to provide an opinion, based on our examination, to the Annual General Meeting regarding whetherthere has been compliance with the guidelines. The focus and scope of the examination The examination was performed in accordance with FAR SRS’s recommendation RevR 8 Examination ofCompensation to Senior Managementin Stock Market Companies. This implies that we have planned and performed the examination in order to be able to provide an opinion, with reasonable assurance, regarding whether there has been compliancein all material respects with the guidelines resolved upon by the Annual General Meeting. The examination has covered the company’s organisation and documentation of issues concerning compensation for members of senior management, new decisions concerning compensation anda selection of the payments made during the financial year to members of senior management. Webelieve that our examination provides a reasonable basis for our opinion, as provided below. Opinion In our opinion, the Board of Directors and Managing Director of SSAB AB (publ.), during 2009, have complied with the guidelines prepared regarding compensation to membersof senior management, as adopted at the Annual General Meeting of Shareholders on 28 March 2008 and the Annual General Meeting of Shareholders on 31 March 2009. Stockholm 12 February 2010 ur ahlen Authorised Public Accountant


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