Few in parliament own shares

Only 32 of a total 362 politicians have declared shareholdings in listed companies, according to an excerpt from the Riksdag’s financial register. Joakim Bornold, from Nordnet, is surprised about the low figure.

H&M is the big favourite among those politicians who do hold shares. Sharing second place are SAS and the investment company Kinnevik. Furthermore a majority of shareholding politicians are alliance politicians while not a single Left Party politician holds shares.

Only one party leader, Jan Björklund has reported any holdings. The Liberal leader has invested in the bank SEB and in a Sweden fund.

Finance ministerial candidate Oscar Sjöstedt (SD) owns shares in the prospecting company Africa Oil, which Joakim Bornold considers to be controversial. “Africa Oil has, to say the least, a turbulent history and is a company that has been called into question a good deal, which means it is surprising that it turns up in a portfolio of this kind of politician.”

Quota targets not met

Slowly but surely the proportion of women on the boards of listed companies is increasing. However the target in the government’s threat, if 40% is not accomplished by the autumn quota legislation will be brought in, is not going to be met.

Annika Elias, chair of Ledarna, Sweden’s organisation for managers, says, “It is incomprehensible that Swedish companies cannot fix this once and for all and ensure that there is equality on company boards.”

According to the Allbright Foundation’s summary, so far, as 214 of 282 nomination committees have submitted their proposals, there looks set to be an average of 30 percent of women in the boardroom.