Skandia board split may carry to Nominating Committee

Rules adopted last year for corporate governance reasons mean the Committee – which puts forward names for directorships at the company’s annual general meeting – is made up of representatives of the four top institutional shareholders, plus one representing smaller shareholders. The caveat is the top four shareholders must be prepared to put forward candidates to represent them in the Committee. The figures out today name the four largest known institutional shareholders as Fidelity (5%), Cevian Capital (3.4%), Burdaras (3.2%), and Second National Swedish Pension Fund (3%). The Secon...