Aktieägare och valberedningar

Abstract

This article considers shareholder-based nomination committees as a unique feature of the Nordic corporate governance model. Shareholder-based nomination committees constitute the standard model in Sweden and Norway since the publication of each country's first national corporate governance code in 2004. The same model has been implemented in the national codes for Iceland (2009) and Finland (formally 2015 although it was possible to appoint a shareholder-based committee already before). An ongoing study now provides some insights on the effects of this model. The article serves three purposes. First, it summarizes the development of shareholder-based nomination committees as a standard principle in Nordic corporate governance codes. Send, it explains and compares the most recent guidelines with focus on differences between the Nordic countries. Third, it reviews the ongoing study with regards to research questions and results. Finally, the implications for the Nordic debate are discussed.