The AGM is LKAB's supreme governing body and the forum at which the shareholder formally exercises its influence.
LKAB is wholly owned by the Swedish Government, represented in the government by the Ministry of Enterprise and Innovation. By law, LKAB's AGM must be held annually within six months of the end of the financial year, and at the latest by 30 April according to the state's ownership policy.
The owner makes the following decisions at the meeting:
- Appoints a Board of Directors, Board Chairman and auditors
- Adopts the income statement and balance sheet for the Group
- Decides on the allocation of the company's profit
- Decides on remuneration to Board members and auditors
- Decides on guidelines for remuneration to senior executives
- Decides on discharge from liability for the Board and the CEO
Members of the Riksdag are entitled to attend LKAB'S AGM. LKAB's AGMs are also open to the public.
Most recent AGM
LKAB's most recent Annual General Meeting took place on 22 April 2021. Because of the spread of covid-19 the meeting was held digitally. The AGM decided on a dividend of SEK 5,850 million to the owner. Catrin Fransson was elected as a new board member and other board members were re-elected. Göran Persson was re-elected Chairman of the Board.