The Board has appointed an Audit Committee as an independent body consisting of three board members instructed to review financial reports submitted to the Board by Group Management, and to submit recommendations regarding their adoption. The work of the Committee is regulated by instructions in an appendix to the Board’s Work Procedures. They stipulate, among other things, the Committee’s purpose, responsibility, composition and reporting requirements.

The Committee’s tasks include: 

• Monitor the Company’s financial reporting,

• Examining the Company’s financial reports, including the integrated sustainability reporting
• Monitoring internal control and corporate governance
• Overseeing the control functions: Internal Audit, Risk and Compliance
• Addressing auditing and accounting issues
• Evaluating and monitoring the auditors’ independence

The Committee discusses specific and significant accounting principles as well as the estimates and assessments made when the reports are compiled. The Committee also reviews the interim and annual reports before recommending that the Board approves the reports for publication.

Board members Cecilia Daun Wennborg (Chair), Johan Lundberg and Marita Odelius have served on the Committee since the 2024 AGM. The Committee meetings are normally also attended by the Company’s auditors, the President and CEO, the CFO and the Committee’s secretary. When reporting is required on specific matters, other officials from the Group may participate as well.

The Board has appointed a Remuneration Committee consisting of two board members instructed to address all matters relating to salaries, variable remuneration, pension benefits and other forms of compensation for Group Management and, if the Board so decides, other levels of management as well. The Committee is also tasked with monitoring and evaluating remuneration structures and levels, variable remuneration programs that are ongoing or were concluded during the year for senior executives, and monitoring and evaluating the application of the remuneration guidelines for senior executives which, by law, are to be decided on by the AGM. The Committee presents its proposals to the Board in preparation for board decisions. 

Board members Alf Göransson (Chair) and Lars Blecko have served on the Committee since the 2024 AGM.