In accordance with the Swedish Companies Act, the Board of Directors has appointed an Audit Committee, which prepares matters on which the Board is to make decisions. The committee works according to an annual agenda, and is tasked with monitoring the company’s financial reporting and the effectiveness of the company’s internal control and risk management. The Audit Committee also stays up-to-date with the audit of the financial statements and consolidated financial statements. The committee shall further audit and monitor the auditor’s independence and impartiality, and follow up in particular whether the auditor provides any non-audit services to the company. The committee also assists by providing nominations for election of the auditor at the annual general meeting.
Audit Committee Members
The Audit Committee comprises the board members Fredrik Burvall and Aharon Aran, both of whom are considered independent in relation to the company, group management and the company’s major shareholders.