The Board has appointed a Remuneration Committee comprising:
- Katarina Martinsson – Chairman
- Bengt Kjell – Vice Chairman
- Lars Pettersson – Board member
The Remuneration Committee’s work
The Board’s remuneration committee draws up a recommendation for decision regarding the terms of employment for the CEO. The Remuneration Committee also addresses and conducts drafting work for issues related to compensation of the members of the Group Management, which culminates with the submission of a recommendation for decision by the AGM.
The CEO consults with the Remuneration Committee regarding the terms of employment for other members of the Group Management.
In 2018, the Remuneration Committee held four meeting at which all members were present, out of a total of four meetings.
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 has an oversight role with respect to the Company’s risk management, governance and control, and financial reporting. The committee maintains regular contact with the Company’s auditor to ensure that the Company’s internal and external reporting satisfies the requirements made on marketlisted companies and to discuss the scope and focus of auditing work.
The Audit Committee evaluates completed audit activities and informs the Company’s nomination committee about the results of its evaluation and assists the Nomination Committee on drawing up recommendations for auditors and fees for their auditing work. In addition, the Audit Committee evaluates the efficiency of the internal control system and the Group’s risk management activities. It also monitors the financial structure.
The committee held three meetings during the year. The auditors participated in conjunction with reporting on their review of the interim financial statements as of 30 September and review of the year-end report. In September 2018, the Board of Directors decided to make the audit committee a separate committee with Ulf Lundahl serving as chairman and Katarina Martinson and Anders Jernhall as members.