Committees

The Board has two Committees: an Audit Committee and a Remuneration Committee.

Audit Committee

The Audit Committee is, without it affecting the responsibilities and tasks of the Board of Directors, to monitor the company’s financial reporting, monitor the efficiency of the company’s internal control, internal auditing and risk management, keep informed of the  auditing of the annual report and the consolidated financial statements, review and monitor the impartiality and independence of the auditors and pay close attention to whether the auditors are providing other non-audit services for the company, and assist the Nomination Committee in the preparation of proposals for the general shareholders’ meeting’s decision on election of auditors.

The Audit Committee is to comprise three members. The Board appoints Committee members every year at the statutory Board meeting or when a Committee member needs to be replaced. The Board also adopts an instruction for the Committee’s work at the statutory meeting. The Committee members appointed in April 2020 were Eva Nilsagård (Chairman), Bengt Liljedahl and Per-Arne Blomquist.


Remuneration Committee

The Remuneration Committee is to prepare matters concerning remuneration principles, and remuneration and other employment terms for the CEO and senior executives. The Remuneration Committee is to comprise three members. The Board appoints Committee members every year at the statutory Board meeting or when a Committee member needs to be replaced. The Board also adopts an instruction for the Committee’s work at the statutory meeting. The Committee members appointed in April 2020 were Bengt Liljedahl (Chairman), Anna Liljedahl and Bertil Persson.

 

 

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