According to the press release, the Board has decided not to approve Aktiespararna's proposal.
“The decision to give up is the best for the bank and for the bank's owners.
A damages process would take a lot of time and resources for many years.
Management and employees need to direct all their energy forward ", says Swedbank's chairman Göran Persson in the press release.
In the press release, Swedbank writes that the board has decided to terminate the agreement on severance pay to Birgitte Bonnesen.
“When it comes to Birgitte Bonnesen's responsibility during the first three months of 2019, it is very difficult to show a causal link between what happened and the injuries that occurred. My conclusion is that there is also no basis for directing claims against the previous chairman. The same applies to former board members and Michael Wolf. My overall recommendation to Swedbank's Board of Directors has therefore been not to initiate any damages proceedings, ”says lawyer Carl Svernlöv in a press release.