Board Committees

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 of directors has established a remuneration committee consisting of three members: Olof Ehrlén (chairman) and Johnny Alvarsson. Olof Ehrlén is the chairman of the committee. The remuneration committee’s main tasks are to:

  1. prepare the board of directors’ decisions on matters regarding principles for remuneration, remunerations and other terms of employment for the executive management,
  2. monitor and evaluate programmes for variable remuneration, both ongoing and those that have ended during the year, for the executive management, and
  3. monitor and evaluate the application of the guidelines for remuneration of the board and executive management established by the annual general meeting, as well as the current remuneration structures and levels.