The Audit Committee consists of Hans Linnarsson and Bodil Rosvall Jönsson. Hans Linnarsson is the Committee’s Chairman. At least one of the members must have competence in accounting and/or audits and the Audit Committee as a whole must have competence relevant to the sector in which the Company operates. All members of the Committee must be familiar with economic and financial matters.
The members of the Audit Committee will be nominated from among the Board members who are not employed by the Company. The majority of the Committee members must be independent in relation to the Company and the Company’s management. At least one of the members independent in relation to the Company and the Company’s management must also be independent in relation to the Company’s major shareholders.
The Audit Committee must ensure the fulfilment of the Board’s supervisory responsibilities regarding internal controls, audits and risk management with respect to accounts and financial reporting. The activities of the Audit Committee must comply with the requirements set out in the Swedish Companies Act and in the EU’s Statutory Audit Regulation. The Audit Committee will perform the duties specified in the Swedish Companies Act, applicable EU rules and the Swedish Code of Corporate Governance.
The Company’s Remuneration Committee comprises Chairman of the Board Hans-Göran Stennert, Sigrun Hjelmqvist and Bodil Rosvall Jönsson. Hans-Göran Stennert is the Committee’s Chairman. Board members who are members of the Company’s executive management do not participate in the work concerning remuneration of senior executives. The duties of the Remuneration Committee include preparing Board decisions on matters regarding remuneration policy, remuneration and other terms of employment for senior management including proposals to the Board for the guidelines for remuneration of senior executives for the Annual General Meeting to resolve on as well as carrying out the other duties that are assigned the Remuneration Committee in the Swedish Code of Corporate Governance. and other applicable rules and regulations for the Company.