Tuesday, April 14, 2015

Boman open for deeper investigation – Swedish newspaper Svenska Dagbladet

At the same time opens the incoming chairman Pär Boman because it may require a deeper scrutiny.

– I have now studied the two reports carefully. Although both are extensive, so lacking some answers to important questions, he told Swedish newspaper Svenska Dagbladet.

Boman believe that the investigators of the revisions made on the tours in the SCA had too narrow frames. He also points out that not all of the Group examined.

– why I think it necessary additions, he tells the magazine.

Three of the members of the SCA’s outgoing board should not be allowed discharge, according to the Shareholders ‘Association.

– It is irresponsible to give respect to them in this situation, says Shareholders’ Association president Carl Rosen said.

The point of not giving discharge is to keep door open for shareholders to sue members claiming damages. Given discharge requires that the arrival of new facts after the meeting in order to obtain compensation.

Rosen has taken up the issue with institutional investors, but can not say whether the Shareholders Association will have with them the 10 percent of the votes required to stop the discharge of SCA’s Annual General Meeting on Wednesday.

SCA has been characterized by an old-fashioned, old man questionable and wasteful management culture, according to Rosen. And this culture has been built up by Sverker Martin-Löf, who became CEO in 1986 and chairman in 2002.

– This unhealthy culture has been made possible by the Martin-Löf has been Chairman of both SCA and great owner, Industrivärden says Rosen.

– Jan Johansson has continued in Martin-Löf’s spirit, ranging for high representation and flight costs. And Anders Nyrén as Chairman of the Board Audit Committee released through all this.

Rosen saw the conclusions of the investigation of SCA’s air travel and representation submitted to the meeting.

– Reviewers have serious objections to all audit areas, but will nevertheless concluded that there is no obstacle to the shareholders give discharge. It does not buy us.

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