The Board has appointed an Audit Committee and a Remuneration Committee. The members of the committees and their chairpersons are appointed at the inaugural Board meeting for one year at a time. The work of the committees is mainly of preparatory and advisory nature, although the Board may, in individual cases, delegate the right to determine specific issues to the committees. The matters addressed at committee meetings are minuted and reported to the Board at the next Board meeting.
The Audit Committee's main task is to oversee the financial reporting and ensure that the adopted principles for financial reporting, internal controls, internal audit and risk assessment are adhered to and applied. Its mission is to support the Nominating Committee with proposals for the election of audit firm and audit fees.
The members of this Committee are Henrik Stenqvist (chairman), Johan Wester and Peter Wahlberg. The Committee met twice (twice) in 2017. The CEO and the CFO, who is also the Committee's secretary, and the principal auditor responsible participate in the Committee's meetings.
The Remuneration Committee's main task is to prepare business for decision by the Board relating to terms of remuneration and employment for the CEO and other senior executives on the basis of principles established by the Annual General Meeting. It is also tasked with proposing guidelines for remuneration to the CEO and other senior excecutives, and with monoriting and evaluating the objectives and principles for variable compensation.
The members of this Committee are Ola Erici (chairman), Birgitta Stymne Göransson and Johan Wester. The Committee met four times (four) in 2017.