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STOCKHOLM (Reuters) – Swedbank's second and third shareholders said in a statement that they would not vote against the CEO's decision, Birgitte Bonnesen, to be relieved of any responsibility for 2018 at the company's annual general meeting on Thursday.
The exemption from liability is a special feature of Swedish company law and a mandatory vote for Swedish companies. The release of the liability would limit the possibility of filing a lawsuit against the management or the board members at a later date.
The money laundering charges against Swedbank, which appeared for the first time last month, have raised fears that the biggest lender in the Baltic region will be involved in a scandal that engulfs his rival Danske Bank and is threatened with prosecution. , fines and other penalties.
(Report by the Stockholm editorial, edited by Niklas Pollard)
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