Held under the chairmanship of lawyer Sven Unger, H&M’s annual general meeting (AGM) approved the board’s proposal to pay no dividends and carry forward the amount at the disposal of the board. The AGM adopted the income statement and balance sheet for the parent company and the group. It discharged the members of the board and the chief executive officers from liability for the 2019/2020 financial year.

The AGM also reelected regular board members Karl-Johan Persson, Stina Bergfors, Anders Dahlvig, Danica Kragic Jensfelt, Lena Patriksson Keller, Christian Sievert, Erica Wiking Häger and Niklas Zennström. Karl-Johan Persson was re-elected as chairman of the board. The regular members appointed by the trade unions are Margareta Welinder, Ingrid Godin and Tim Gahnström, with Louise Wikholm, Helena Isberg and Hampus Glanzelius as deputy members.

The AGM approved the nomination committee’s proposal to retain previous year’s fees of the board. It also resolved to appoint Deloitte AB as auditor until the close of the 2022 AGM. The auditor’s fees are to be paid based on approved invoices.

The AGM approved the nomination committee’s proposed principles for its elected members that included Stefan Persson (Ramsbury Invest AB), Lottie Tham, Jan Andersson (Swedbank Robur fonder), Erik Durhan (Nordea fonder) and the chairman of the board Karl-Johan Persson.

The AGM approved the board’s remuneration report and the resolutions proposed by the board concerning guidelines for remuneration to senior executives and amendments to the articles of association.