Festi hf. Seeks Nominees for Board of Directors Elections

Festi hf. Invites Nominations for Board Positions

Festi hf. has announced a call for nominations for its Board of Directors ahead of an important Annual General Meeting. This event is a significant opportunity for shareholders to influence the direction of the company. The Nomination Committee is actively seeking qualified candidates who can contribute positively to Festi’s future achievements.

The Role of the Nomination Committee

The Nomination Committee is tasked with preparing a list of candidates for the Board. Its mission is to ensure that the Board members collectively possess a diverse array of knowledge, skills, and experiences that will support the strategic planning and oversight functions essential for Festi hf. in today's dynamic environment. The committee carefully evaluates each candidate's qualifications, considering their expertise in line with corporate governance guidelines and their past performance.

Criteria for Board Member Selection

The selection process for board members adheres to the conditions set forth in Festi’s Articles of Association as well as the relevant laws governing public limited companies. Board candidates must meet specific criteria to ensure compliance; these criteria are detailed in the company’s governance documents, which are readily accessible to interested parties.

Special Considerations for Nominees

It is crucial for potential candidates to understand that certain unique conditions apply to Festi Board members due to the company’s settlement with the Competition Authority. This information is available for review on the Competition Authority’s website, where candidates can familiarize themselves with the stipulations without encountering any confidential material.

How to Submit Nominations

Individuals interested in being nominated for a Board position must complete special nomination forms and submit their CVs by the specified deadline. The committee requires completed forms to be sent before the designated cut-off date, ensuring a streamlined nomination process.

Engagement with Shareholders

Festi hf. encourages shareholders to reach out to the Nomination Committee and engage in discussions about potential nominees. All communications should be directed to the committee by a specific date, allowing for meaningful dialogues ahead of the Annual General Meeting. This engagement is an excellent opportunity for shareholders to voice their opinions and suggestions.

Accessing the Required Documentation

To facilitate transparency, all relevant documents concerning the nomination process, including guidelines and conditions set by the Nomination Committee, are available on the Festi hf. website. Shareholders and interested candidates are encouraged to review these materials to understand better the expectations and procedures in place.

Frequently Asked Questions

What is the purpose of the Nomination Committee?

The Nomination Committee prepares proposals for candidates to be elected to the Board of Directors during the Annual General Meeting, ensuring diverse and capable leadership.

How can I nominate someone for the Board?

You can nominate a candidate by submitting the required forms and CVs to the Nomination Committee by the specified deadline.

Are there specific criteria for board nominees?

Yes, candidates must meet conditions outlined in Festi hf.'s Articles of Association and must have relevant experience and skills.

What if I want to discuss a nomination?

Shareholders are encouraged to reach out to the Nomination Committee via email to discuss any nominations or suggestions.

Where can I find more information on the nomination process?

Detailed information and all related documents are available on the Festi hf. website to ensure transparency and accessibility for all interested parties.

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