Committees

Remuneration Committee

The Board has appointed a Remuneration Committee comprising:

  • Fredrik Lundberg – Chairman
  • Bengt Kjell – Vice Chairman
  • Lars Pettersson – Board member

The Remuneration Committee’s work

The Remuneration Committee prepares the Board’s proposal for remuneration guidelines and other terms of employment for senior executives. The proposal is discussed by the Board and submitted to the AGM for a decision.

The Remuneration Committee is also assigned to address and prepare matters relating to the remuneration of executives, which are subsequently approved by the Board. Accordingly, the Remuneration Committee prepares a proposal for the CEO’s terms of employment. The CEO consults the Remuneration Committee on the terms of employment for other executives.

Meetings

In 2015, the Remuneration Committee held two meetings at which all members were present.

Audit Committee

The Board has appointed an Audit Committee comprising all Board members except for the Company’s CEO. The Chairman of the Audit Committee is Ulf Lundahl.

The Audit Committee’s work

The Audit Committee oversees the Company’s risk management, governance and control, as well as its financial reporting. The Committee maintains regular contact with the Company’s auditors to ensure that the Company’s internal and external reporting meets the requirements for a listed company, and to discuss the scope and focus of audit activities. The Audit Committee evaluates completed audit activities and informs the Company’s Nomination Committee of the outcome of the evaluation. The Audit Committee also helps the Nomination Committee to prepare recommendations on the appointment of auditors and audit fees.

Meetings

In 2015, the Audit Committee held three meetings, at which all of the members were present. On three occasions in 2015 the committee conducted reviews with and received reports from the Company's external auditors.