Committees of the board

The Board of Directors has established a Remuneration Committee and an Audit Committee. The committees are appointed for a maximum of one year and are appointed amongst the members of the Board of Directors.

Remuneration Committee

The Remuneration Committee shall consist of at least three members. The Remuneration Committee currently consists of David Frykman (Chair), Anna-Karin Celsing and Marlene Forsell.

The tasks of the Remuneration Committee are governed by the instructions for the Remuneration Committee, which are annually approved by the Board of Directors as a part of the Procedure Rules for the Board of Directors. These instructions outline the main responsibilities and tasks of the committee, including preparing decisions on matters related to remuneration principles, compensation, and other employment terms for the CEO and senior executive management, including incentive programs. Additionally, the Remuneration Committee is responsible for monitoring and evaluating the company’s remuneration guidelines, remuneration programs and remuneration structure.

Audit Committee

The Audit Committee shall consist of at least two members, who are elected annually by the Board of Directors. The members of the Audit Committee must not be employed by the company, and the majority of the members shall be independent in relation to the company and its senior management. At least one of the members that are independent in relation to the company and its senior management shall also be independent in relation to the company’s major shareholders. At least one of the members that are independent in relation to the company, its senior management and its major shareholders shall have audit or accounting experience. The Audit Committee currently consists of Marlene Forsell (Chair) and Anna-Karin Celsing.

The Audit Committee is a sub-committee of the Board of Directors with the primary function of assisting the Board of Directors with monitoring the company’s financial reporting and sustainability reporting, as well as make recommendations and proposals to safeguarding the reliability of the financial reporting and sustainability reporting in relation to the reporting, monitor the efficiency of the company’s internal controls and risk management, keep itself informed about the audit of the annual report and group accounts and about the conclusions of the quality controls performed by the competent Inspectorate of Auditors, inform the Board of Directors about the result of the audit and the way the audit contributed to the reliability of the financial reporting and the sustainability reporting, and also about the function of the Audit Committee, review and monitor the impartiality and independence of the auditor, paying particular attention to whether the auditor provides the Company with services other than auditing services, and assist in preparing draft resolutions for election of auditors to be passed at a general meeting.