Transcendent Group AB (publ) announced that the company has not had a nomination committee formally appointed by the AGM. This means that the code's principles are not complied with in all parts. Ahead of the AGM in 2020, the main shareholders of Transcendent Group have agreed to appoint a committee with the responsibility to handle the election and remuneration of the members of the Board of Directors and of the Company's auditor. The committee consists of Martin Bohlin, CEO of Transcendent Group Stockholm, Hakan Berg, Chairman of the Board and Jan Palmqvist, who is independent in relation to the company and its management. The committee intends to submit proposals to the Annual General Meeting 2020, including an instruction regarding the appointment of the nomination committee, which means that all principles of the Code will be followed. The Committee members were Martin Bohlin, Chairman; Håkan Berg, member; Jan Palmqvist, member.