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 Remuneration Committee draws up recommendations for decisions regarding the terms of employment for the CEO. It also addresses and conducts drafting work for issues related to compensation of the
members of the Group Management team, 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.
The committee held three meetings in 2019.
The Board has appointed an Audit Committee comprising:
- Ulf Lundahl – Chairman
- Katarina Martinson – Board member
- Anders Jernhall – Board member
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 market-listed 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 five meetings during 2019. The auditors participated in several meetings in conjunction with planning and reporting the results of this year’s audit.