H & M Hennes & Mauritz AB announces highlights from its annual general meeting

STOCKHOLM, Sweden, 2017-May-11 — /EPR Retail News/ — On Wednesday (10 May) H & M Hennes & Mauritz AB held its annual general meeting under the chairmanship of lawyer Sven Unger. The AGM approved the dividend of SEK 9.75 per share in accordance with the board of directors’ proposal and approved the payment of the dividend in two installments during the year. The record date for the first dividend payment of SEK 4.90 per share is 12 May 2017. The dividend is expected to be paid out by Euroclear Sweden AB on 17 May 2017. The record date for the second dividend payment of SEK 4.85 per share is 14 November 2017. The dividend is expected to be paid out by Euroclear Sweden AB on 17 November 2017.

The annual general meeting adopted the income statement and balance sheet for the parent company and the group. The AGM discharged the members of the board and the chief executive officer from liability for the 2015/2016 financial year.

The regular board members Stina Bergfors, Anders Dahlvig, Lena Patriksson Keller, Stefan Persson, Christian Sievert, Erica Wiking Häger and Niklas Zennström were re-elected by the AGM. Melker Schörling did not stand for re-election. The number of board members was thus reduced to seven people, compared with the previous eight members. Stefan Persson was re-elected as chairman of the board.

The regular members appointed previously by the trade unions are Margareta Welinder and Ingrid Godin, with Alexandra Rosenqvist and Rita Hansson as deputy members.

The AGM approved the proposal from the nomination committee that the board fees be distributed as follows: SEK 1,675,000 to the chairman of the board, SEK 600,000 each to members elected by the AGM, an extra SEK 150,000 to members of the auditing committee and an extra SEK 200,000 to the chairman of the auditing committee.

The AGM resolved to appoint Ernst & Young AB as auditors until the close of the 2018 AGM. The auditor’s fees are to be paid based on approved invoices.

The AGM approved the nomination committee’s proposed principles for the nomination committee and elected the members of the nomination committee for the period up to the appointment of a new nomination committee. The members of the nomination committee are Stefan Persson, Lottie Tham, Liselott Ledin (Alecta), Jan Andersson (Swedbank Robur Fonder) and Anders Oscarsson (AMF and AMF Fonder).

The AGM approved the resolution proposed by the board concerning guidelines for remuneration to senior executives.

Contact:
Camilla Emilsson Falk
+46 8 796 39 95

Source: H&M

H&M honoured with Freedom House Corporate Award for leadership in advancing global supply chain transparency

On Thursday 27th April, H&M proudly accepted the Freedom House Corporate Award – an acknowledgement by the American organization Freedom House that recognizes businesses for their principled policies and strong leadership regarding human rights. H&M is awarded for their leadership in advancing global supply chain transparency.

STOCKHOLM, Sweden, 2017-May-01 — /EPR Retail News/ — “H&M was among the earliest adopters of the UN Guiding Principles on Human Rights, one of the first global fashion companies to make its supplier factory list public, and the first to disclose the names of its second-tier suppliers. Its principled corporate policies not only strongly incorporate international human rights standards but, as one of the world’s largest producers of clothing, their actions carry exceptional weight that set an example for the fashion industry”, says Michael J. Abramowitz, president of Freedom House.

Stefan Persson, Chairman of the board, accepted the award in Washington on behalf of H&M. In his speech, he empathized the importance of world trade for lifting nations and people out of poverty and exemplified how global companies can support a positive development worldwide. In this work, supply chain transparency is essential.

“To create decent jobs in the supply chain, transparency is crucial. I hope that our commitment to transparency will lead to a healthier fashion industry, but also to more informed customers pressuring companies to act sustainably,” says Stefan Persson, Chairman of the board H&M group.

For H&M, a global company present in several countries around the world, it is important to contribute to fair jobs lifting individuals and nations out of poverty. To be able to do this, a continued presence of long-term, responsible buyers is vital, also when it comes to the development of democracy and strengthened human rights. In this work, supply chain transparency is fundamental. That is why H&M was one of the first fashion brands to publish its supplier list, promoting transparency in the industry, but also to globally apply the newly developed UN Guiding Principles on Business and Human Rights Reporting Framework. H&M is continuously adding more information to the supplier list which now covers not only first tier suppliers, but also more than half of the second tier supplier factories. The list can be found here.

Read the press release from Freedom House.

About Freedom House:

Freedom House, founded in 1974, is an independent watchdog organization dedicated to the expansion of freedom and democracy around the world. They analyze the challenges to freedom, advocate for greater political rights and civil liberties, and support frontline activists to defend human rights and promote democratic change. Freedom House was the first American organization to champion the advancement of freedom globally.

Contact:

Phone: +46 8 796 55 00
Fax: +46 8 20 99 19

Source: H&M

H & M Hennes & Mauritz AB AGM approved SEK 9.75 dividend per share

STOCKHOLM, Sweden, 2016-May-04 — /EPR Retail News/ — On Tuesday 3 May H & M Hennes & Mauritz AB held its annual general meeting under the chairmanship of lawyer Sven Unger. The AGM approved the dividend of SEK 9.75 per share in accordance with the board of directors’ proposal. The record day is 6 May 2016. The dividend is expected to be paid out by Euroclear Sweden AB on 11 May 2016.

The annual general meeting adopted the income statement and balance sheet for the parent company and the group. The AGM discharged the members of the board and the chief executive officer from liability for the 2014/2015 financial year.

The regular board members were re-elected by the AGM, which also elected the proposed new members Stina Honkamaa Bergfors and Erica Wiking Häger to the board. Lottie Knutson and Sussi Kvart were not standing for re-election. As in 2015, the board of directors comprises eight members elected by the AGM. Stefan Persson was re-elected as chairman of the board.

The regular members appointed previously by the trade unions are Margareta Welinder and Ingrid Godin, with Alexandra Rosenqvist and Rita Hansson as deputy members.

The AGM approved the proposal from the nomination committee that the board fees be increased by SEK 250,000 to a total of SEK 6,075,000. The board fees are broken down as follows: chairman of the board SEK 1,625,000; members elected by the AGM SEK 575,000; members of the auditing committee an extra SEK 125,000; and the chairman of the auditing committee an extra SEK 175,000.

The AGM approved the nomination committee’s proposed principles for the nomination committee and elected the members of the nomination committee for the period up to the appointment of a new nomination committee. The members of the nomination committee are Stefan Persson, Lottie Tham, Liselott Ledin (Alecta), Jan Andersson (Swedbank Robur fonder) and Anders Oscarsson (AMF and AMF Fonder).

The AGM approved the resolution proposed by the board concerning guidelines for remuneration to senior executives and the board’s proposed amendments to the articles of association. In addition to minor changes of wording, the amendments to the articles of association expand the object of the enterprise to also include café and restaurant operations; ownership and management of securities, equipment and real estate; and financing activities within the context of the operations stated in the articles of association. In addition, the amendments change the auditor’s period of office from four years to one year and change the procedure for convening meetings, such that the notice to attend the general meeting will be published in Post- och Inrikes Tidningar (the Swedish Official Gazette) and on the company’s website. The fact that the meeting has been convened will be advertised in the national daily newspapers Svenska Dagbladet and Dagens Nyheter.

GLOBAL MEDIA ENQUIRIES
Only press enquiries:
Phone: +46 8 796 53 00
Email: mediarelations@hm.com

All other enquiries:
H&M switchboard +46 8 796 55 00
Email info@hm.com

Head of Communications:
Kristina Stenvinkel
+46 8 796 39 08

Head of Media Relations:
Camilla Emilsson Falk
+46 8 796 39 95

Source: H&M

H&M Chairman Stefan Persson presented with ”Humanitarian of the Year” award by the United Nations Association of New York

Stefan Persson and H&M contribute to gender equality and the empowerment of women. This is acknowledged by the United Nations Association of New York (UNA-NY) that presents Stefan Persson, Chairman of H&M, the ”Humanitarian of the Year” award.

Stockholm, Sweden, 2014-11-4— /EPR Retail News/ — The leadership and dedication of Stefan Persson to gender equality and the empowerment of women make him an inspiration to all of us and a worthy recipient of our annual award, says Abid Qureshi, president of the UNA-NY.

“Empowering Women, Promoting Peace and Progress” is the theme of this years’ award which will be presented in New York on October 29 at the annual ceremony celebrating the founding of the United Nations. Each year the UNA-NY considers individuals who have accomplished important strides in achieving the Millennium Development Goals, including the issue of gender equality.

The UNA-NY recognizes H&M’s long-term sustainability work in Asia well as the contribution to international trade creating more than a million jobs in the textile industry, not least for women. The importance of collaborations between the Conscious Foundation and organizations such as CARE, UNICEF and WaterAid is acknowledged as well as the fact that gender equality has been H&M’s mission since its founding in 1947.

– Empowering women connects directly with the core values of H&M and who we are as a company. We know that the majority of the people employed by H&M’s suppliers in the textile industry are women and that a paid job with a stable income is a first step towards an independent life, says Stefan Persson.

About The United Nations Association of New York
The United Nations Association of New York (UNA-NY) is dedicated to supporting the principles and vital work of the United Nations, strengthening the UN system and promoting constructive US leadership. The UNA-NY UN Day Gala is held every October to celebrate the founding of the United Nations.

GLOBAL MEDIA INQUIRIES

Only for media representatives
Phone: +46 8 796 53 00
Email: mediarelations@hm.com

Please note the contact details above are only for media representatives. For other enquiries contact H&M’s switchboard on +46 8 796 55 00.

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H&M Chairman Stefan Persson presented with ”Humanitarian of the Year” award by the United Nations Association of New York

H&M Chairman Stefan Persson presented with ”Humanitarian of the Year” award by the United Nations Association of New York