Board Committees

The Swedish Code of Corporate Governance does not currently have to be applied by companies whose shares are listed on Nasdaq First North, and is therefore not binding on Teneo AI AB, however, it is an important part of the Company’s guidelines for corporate governance. In the cases of the Audit Committee and Remuneration Committee, the Board of Directors has made the assessment that committees should be established for both.

The Remuneration Committee consists of Lars Roth (Chairman) and Mathias Björkholm (Member).

The Audit Committee consists of Johan Gustavsson (Chairman) and Lars Roth (Member).

Nominations Committee

The following principles apply to the appointment of the Nomination Committee. The Chairman of the Board is instructed to contact the three largest shareholders or the groups of owners in terms of voting rights (herewith referred to both direct registered shareholders and nominee-registered shareholders) in the Company , according to Euroclear Sweden’s transcript of the share register as of September 30, and urge them to appoint a representative each to, together with the Chairman of the Board, constitute the Nomination Committee for the time until the new nomination committee has been appointed according to the mandate from the next AGM. If one of the three largest shareholders or owner groups does not wish to appoint a representative, the fourth largest shareholder or the owner group should be asked and so on, until the Nomination Committee consists of three members and the Chairman of the Board.

Information about the names of the members of the Nomination Committee must be submitted on the Company’s website as soon as possible after the Nomination Committee has been constituted. If owners, who are represented on the Nomination Committee, no longer belong to the three largest shareholders after the announcement, their representative shall make their place available and such shareholders belonging to the three largest shareholders shall instead be offered a place in the Company’s nomination committee. However, there is no need to consider minor changes. If a member leaves the nomination committee before its work is completed and if the Nomination Committee considers that there is a need to replace this member, the Nomination Committee shall appoint a new member according to the principles above but based on Euroclear Sweden’s printing of the share register as soon as possible after the member left the Nomination Committee. Owners who have appointed a representative in the Nomination Committee have the right to dismiss such a member and appoint a new representative.

The current Nomination Committee is:

Carl Knutsson, Chairman of the Nomination Committee, appointed by Stockhorn Capital AB, the largest shareholder in Teneo.ai.
Sven Härgestam, appointed by Arpeggio AB and Mr Härgestam’s private holdings, combined the second largest shareholder in Teneo.ai.
Carl Thelin, appointed by SEB-Stiftelsen, the third largest shareholder in Teneo.ai.
Johan A. Gustavsson, Chairman of the Board of Directors of Teneo.ai.