Industrivärden has transparent operations and established control systems. Each year the Board adopts governance documents in the form of the CEO’s instructions, investment rules for equities and derivative instruments, and a finance policy. The CEO’s instructions lay out central guidelines and clarify which decisions are to be made by the Board and which are made by the CEO. The investment rules specify and set the framework for investments in financial instruments, and the finance policy sets the framework for financing and management of financial risks.
Against the background of Industrivärden’s operations, organizational structure and how the financial reporting has been organized in general, the Board finds no need for a dedicated review function in the form of an internal audit unit. The Board regularly evaluates the financial reporting that is received in connection with board meetings and which pertains to the equities portfolio, the Company’s debt and other important conditions. The Audit Committee carries on a continuous dialog with the Company’s auditor about the scope and quality of the Company’s financial reporting.