Board Committees

The board has established an audit committee in accordance with the Swedish Companies Act and a remuneration committee in accordance with the Swedish Code for Corporate Governance.

Audit committee

The board of directors has established an audit committee consisting of three members: Camilla Öberg (chairman), Per Leopoldsson and Carina Qvarngård. The audit committee shall e.g. monitor the company’s financial reporting, monitor the efficiency of the company’s internal controls, internal audits and risk management, keep itself informed of the audit of the annual report and consolidated financial statements as well as the conclusions of the Supervisory Board of Public Accountants (Sw. Revisorsnämndens) quality controls. The audit committee shall also review and monitor the impartiality and independence of the auditor and, in conjunction therewith, pay special attention to whether the auditor provides the Company with services other than auditing services.

Remuneration committee

The Board has decided that all members of the Board of Directors shall be members of the Remuneration Committee. The Chairman of the Board shall also serve as Chairman of the Remuneration Committee.

The Remuneration Committee meets in conjunction with certain specific Board meetings during the year. The main tasks of the Remuneration Committee are to:

1. Decide on issues of remuneration principles, remuneration and other terms of employment for senior executives,
2. monitor and evaluate ongoing programmes (along with programmes that were concluded during the year) on variable remuneration to senior executives, and
3. monitor and evaluate the application of any guidelines for remuneration to senior executives established by the AGM as well as applicable remuneration structures and remuneration levels.