The Board’s committees
The Board has appointed an audit committee and a compensation committee tasked with conducting drafting work for audit and compensation issues, respectively, for decision by the Board.
The Audit Committee serves in an oversight role with respect to the Company’s risk management, governance and control, and financial reporting. With the increased responsibility that follows from the EU Audit Regulation, etc, that took effect in 2016, this entails among other things that the committee shall keep itself informed about the Swedish Supervisory Board of Public Accountants’ quality control, inform the Board about the audit’s contribution to the reliability of the financial reporting, maintain regular contact with the auditor to ensure that the Company’s internal and external reporting meet the requirements placed on a listed company, and discuss the scope and focus of the audit work. The auditor reports his observations to the Audit Committee on a regular basis and attended two meetings during the year. The Audit Committee held two meetings in 2016. No fees have been paid to the board members for their work on the committee.
Pär Boman, Chairman
The Compensation Committee addresses matters concerning principles for compensation and other terms of employment for the CEO and members of the Executive Management, monitors variable compensation programs for Company executives, and monitors and evaluates application of the compensation guidelines that have been set by the Annual General Meeting. The Compensation Committee held two meetings in 2016. No fees have been paid to the board members for their work on the committee.
Fredrik Lundberg, Chairman