Board Committees
The Board has established an Audit Committee under the Swedish Companies Act and a Remuneration Committee under the Swedish Code of Corporate Governance. The current composition and tasks of the Committees are described below.
Audit Committee
The Board has established an Audit Committee consisting of three members: Caesar Åfors, Pernilla Ramslöv and Christian Haglund. Caesar Åfors chairs the Committee. Without prejudice to the other responsibilities and duties of the Board of Directors, the Audit Committee shall, inter alia, monitor the Company's financial reporting, monitor the effectiveness of the Company's internal control and risk management, keep itself informed as to the audit of the annual accounts and consolidated accounts, review and monitor the impartiality and independence of the auditor, paying particular attention as to whether the auditor provides the Company with services other than audit services, and assist in the preparation of the procurement of audit services and in connection with the general meeting's resolution on the election of the auditor.
Remuneration Committee
The Board has established a Remuneration Committee consisting of three members: Kristina Alvendal, Håkan Sandberg, and Mattias Grahn. Kristina Alvendal is the chair of the committee. The main responsibilities of the Remuneration Committee are to prepare the Board’s decisions on compensation principles, remuneration, and other terms of employment for the executive management. The committee is also tasked with monitoring and evaluating any incentive programs for the executive management, as well as overseeing and assessing the application of the remuneration guidelines set by the Annual General Meeting and the Company’s current compensation levels and structures.