Ericsson (ERIC) AGM 2021 summary

Opening remarks and agenda

• Held March 30, 2021; due to COVID-19, shareholders, representatives and third parties did not attend in person, and voting was conducted by post before the meeting.

• An online shareholder event before the voting deadline let shareholders hear management and ask questions.

Financial performance review

• Approved the 2020 parent-company and consolidated profit and loss statements and balance sheets.

Board and executive committee updates

• Ronnie Leten was re-elected Chair; Jon Fredrik Baksaas, Jan Carlson, Nora Denzel, Börje Ekholm, Eric A. Elzvik, Kurt Jofs, Kristin S. Rinne, Helena Stjernholm and Jacob Wallenberg were re-elected directors.

• Employee representatives appointed by the unions: Torbjörn Nyman, Anders Ripa and Kjell-Åke Soting; deputies: Per Holmberg, Ulf Rosberg and Loredana Roslund.

• Approved annual fees of SEK 4,225,000 for the Chair and SEK 1,060,000 for each other AGM-elected non-employee director; committee fees were also approved.

• Deloitte AB was elected auditor through the end of the AGM 2022.