Board committees
The board of directors has established two committees with the task to prepare the board’s decisions on certain issues.
Remuneration committee
The remuneration committee currently consists of three members: Ulrika Dellby (chair), Tomas Ståhl and Magnus Meyer. All members of the remuneration committee are independent in relation to the Company and the senior management.
The remuneration committee’s main tasks are to:
- prepare the board of directors’ decisions on issues concerning principles for remuneration, remunerations and other terms of employment for the senior management;
- monitor and evaluate programs for variable remuneration, both ongoing and those that have ended during the year, for the senior management;
- monitor and evaluate the application of the guidelines for remuneration to the senior executives that the annual general meeting is legally obliged to establish, as well as the current remuneration structures and levels in the Company;
- prepare and submit to the board of directors a draft of the remuneration report that the Company is to prepare pursuant to the Swedish Companies Act; and
- if the Company implements incentive programs for the employees of the Company, ensure that the incentive programs are annually evaluated.
Audit committee
The board of directors has established an audit committee. The audit committee currently consists of four members: Tomas Ståhl (chair), Ulrika Dellby, Gunilla Öhman and Christina Lindbäck. All members of the audit committee are independent in relation to the Company and the senior management.
The audit committee’s main tasks are to:
- monitor the Company’s financial reporting as well as provide recommendations and proposals to ensure the reliability of the reporting;
- in respect of the financial reporting, monitor the effectiveness of the Company’s internal control, internal audit and risk management;
- keep itself informed about the audit of the annual report for the Company and the Group as well as the conclusions of the Swedish Inspectorate of Auditors’ (Sw. Revisorsinspektionen) quality control;
- inform the board of directors of the result of the audit and the way in which the audit contributed to the reliability of the financial reporting as well as the function filled by the audit committee;
- review and monitor the impartiality and independence of the external auditor and, in conjunction therewith, pay special attention to whether the external auditor provides the Company with services other than auditing services;
- assist the nomination committee in conjunction with the preparation of proposals to the general meeting’s resolution regarding election of auditor; and
- monitor the Company's sustainability reporting as well as provide recommendations and proposals to ensure the reliability of the reporting.