Board Committees
Audit committee
The Audit Committee is responsible for the follow-up of the Group's financial reporting, financial risk management and internal control, sustainability reporting, as well as accounting and auditing. The committee has the accounting competence required by the Swedish Companies Act. To ensure robust financial reporting and effective risk management, the Committee maintains regular dialogue with the Group's external auditor, which also actively participates in every Audit Committee meeting. At least once a year, the Audit Committee meets with the auditor without management being present. The Audit Committee is also responsible for overseeing the work conducted by Group Internal Audit & Assurance and the Internal Control functions. At least four times a year, in connection with the quarterly results, the Audit Committee discusses topics and reviews progress within sustainability. In 2024, the preparation of the implementation of CSRD and the fulfillment of the 2030 goals were common topics, and several additional meetings were conducted. In addition, the Audit Committee evaluates and assists the Nomination Committee with proposals for the election of an external audit firm. The Audit Committee shall consist of at least three members and the majority of these shall be independent in relation to the Group and its management.
The Audit Committee consists of Ulla Litzén (Chair), Ronnie Leten and Fredric Stahl. All members are independent in relation to the Group and its management. Ulla Litzén and Ronnie Leten are independent in relation to the largest shareholder.
Remuneration committee
The Remuneration Committee proposes principles for remuneration and terms of employment for members of Group Management and key personnel. The Committee shall consist of three members who are not employed by the Group. The Chair of the Board is also the chair of the Committee. Other members shall be independent in relation to the Group and its management.
The Remuneration Committee consists of Ronnie Leten (Chair), Anthea Bath and Johan Forssell. All members are independent in relation to the Group and its management. Ronnie Leten and Anthea Bath are independent in relation to the largest shareholder.