News

21/05/2008

GO welcomes Amer board proposals

Governance for Owners (GO) congratulates the board of Amer Sports for taking swift and decisive action in relation to the composition of the board. GO intends
to support the election of the three new non-executive directors standing for
election at the forthcoming EGM on 4 June.

In identifying these candidates the board listened to and worked with its major
shareholders to address their concerns about the balance of skills and experience

amongst the directors required to take the company forward. It is to be commended for engaging so constructively with its major shareholders, who all
contributed to the process by suggesting candidate profiles and names. The
process was remarkably smooth and efficient, which is a reflection of the considerable effort made by all parties to achieve this positive outcome.

GO believes that the proposed directors bring the range of competencies necessary to guide the company through the challenges ahead. We look forward to working with the new board and supporting its efforts to clarify and realise Amer Sport’s strategy for the future.


ENDS

For further information contact:
Michelle Edkins, GO, + 44 (0)20 7614 4767
Andy Fleming, Penrose, + 44 (0)20 7786 4823

Notes to Editors:
1. Governance for Owners (GO) is an independent partnership between major financial institutions, shareowners and executives dedicated to adding long-term value for clients by exercising owners’ rights. There are two main product offerings. The GO European Focus Fund, which invests in European public companies where value can be added through making use of ownership rights. The GO Stewardship Services offers intelligent voting and engagement on quoted companies in Europe, the US, Japan, and South East Asia.