Hello, and welcome to the 2021 Annual Meeting of the Stockholder of Autolive Inc. Please note this meeting is being recorded. During the meeting, we will have a question and answer session. It is now my pleasure to turn today's meeting over to Jan Carlson, Chairman of the Board of Directors of Autoliv Inc. Mr.
Carlson, the floor is yours.
Thank you very much. Good morning, good afternoon, good evening, depending on where we are in the world. My name is John Carlson, Chairman of the Board of Directors, and I'm pleased to act as Chairman of this meeting today in accordance with Autoliv's bylaws. I will now call the meeting to order. As you join the virtual meeting today, the rules of conduct for the meeting are available by a link on the left hand side of your screen.
We intend to conduct the meeting in accordance with these rules and procedures. An opportunity will be provided at the end of the meeting for us to answer questions submitted by stockholders. Joining us today for this virtual meeting are Mikael Bratt, President and Chief Executive Officer Anthony Nellis, Executive Vice President, Legal Affairs, General Counsel and Secretary and Frederic Bastien, our Executive Vice President of Finance and Chief Financial Officer. Representatives from our independent accounting firm are also present. And finally, the members of the Board of Directors are also present.
The Inspector of Election is Mr. Fred Papenmire, who is with Computershare Trust Company. Now we will proceed with the official business of the meeting. Mr. Secretary, please give your report.
Thank you, Mr. Chairman. I have an affidavit from Computershare Autoliv Inc. Stock transfer agent and registrar, which confirms that the annual report to stockholders for the company's fiscal year ended December 31, 2020, as well as notice of Internet availability on the proxy statement. The proxy statement, the proxy card and posted paid return envelope as applicable for this meeting were properly mailed to each company's stockholder as of the record date of this meeting, March 15, 2021.
The proxies received for this meeting have been checked for legal sufficiency and tabulated by the Inspector of Election and the Inspector has certified list of stockholders, which is available for inspection during the meeting by clicking the stockholder link on the left hand side of the screen. No advance written nominations for director or notices of other business were received from stockholders as specified in the company's bylaws. Consequently, no such nominations or other business may be proposed by stockholders for a vote at this meeting.
Thank you. Would the Inspector of Election please give his report?
On March 15, 2021, the record date for this meeting, there were 87,422,000 92 shares of company common stock outstanding. Proxies for the meeting have been received, representing approximately 70% of such shares, which constitutes a quorum.
Thank you, Mr. Pappenmaier. Legal notice have been given and a quorum being present. I declare this meeting regularly and lawfully convened. If you have already submitted a vote by proxy, you do not need to take any further action at this time to vote.
If you would like to vote at this meeting, the polls are now open and you may submit your votes by clicking on the cast your vote link on the left hand side of the screen. If you have submitted a vote by proxy and now vote through the virtual stockholder meeting platform, your earlier vote by proxy will be revoked and replaced. The business to come before the meeting is to consider the 3 proposals in the proxy statement. Item 1, named executive officers as set forth in the proxy statement and number 3, ratification of the appointment of Ernst and Young AB as Autoliv's independent registered public accounting firm for the fiscal year ending December 31, 2021. The first item of the business is the election of the nominees for directors recommended by the Board in the proxy statement.
The Board recommends about 4 all of the nominees. The second proposal is an advisory resolution to approve the 2020 compensation of the Board's of the company's named executive officers as set forth in the proxy statement. The Board recommends a vote for approving the executive compensation for the named executive officers. The 3rd proposal is the ratification of Ernst and Young AB as the company's independent registered public accounting firm for the fiscal year ending December 31, 2021. Ernst and Young has been appointed by the Audit Committee of the Board.
The Board recommends a vote for approving this proposal. The polls are now closed. Would the Inspector of Election please make his report?
The results are as follows. Item 1, the 11 nominees for directors were duly elected. Additionally, each director received approval of at least majority of the shares cast on his or her election. Item 2, the advisory resolution approving the 20 20 compensation of the company's named executive officers was approved. Item 3, the appointment of Ernst and Young AB as the company's independent registered public accounting firm for 2021 was ratified.
The exact number of shares voted in favor of and withheld from the nominees per director and the number of shares voted in favor of against and abstaining from proposals 23 will be available from us after this meeting.
Thank you, Mr. Pappenmaier. This concludes the official business of this meeting. We will now open the line to answer questions.
There are no audio questions at this time.
Okay. Thank you. It appears there are no questions as of now and therefore we will conclude the meeting. Let me thank you again for your attendance and your continued interest in Autolip. We stand adjourned.
This concludes the meeting. You may now disconnect.