Ericsson (NASDAQ:ERIC) successfully held its annual general meeting (AGM) on April 3, 2024, in Kista, Stockholm, marking a pivotal moment for the company and its stakeholders.

The AGM ratified the income statement and balance sheet for 2023, affirming the company’s robust financial health.

In a move that underscores Ericsson's commitment to shareholder value, the AGM announced a dividend distribution of SEK 2.70 per share, to be disbursed in two equal payments over the year.

Additionally, leadership continuity was assured with the re-election of Jan Carlson as chair of the board, alongside decisions on board member compensation that reflect the company's strategic priorities.

A key highlight was the approval of the Long-Term Variable Compensation Program 2024 (LTV 2024) for senior executives, including the President and CEO.

This initiative is designed to align executive incentives with shareholder interests, fostering a culture of long-term value creation.

Demonstrating its dedication to high standards of governance and accountability, the AGM re-elected Deloitte as its auditor and absolved the board members and President of liability for the 2023 financial year.

These actions reflect Ericsson’s strategic focus and proactive approach to governance and executive compensation, positioning the company for sustained success in the dynamic global telecommunications sector.