The Board of Directors appointed a remuneration committee on April 25, 2019 consisting of:
• Patrik Nolåker - Chairman of the Remuneration Committee
• P-O Andersson - member of the Remuneration Committee
The remuneration committee's work
The Remuneration Committee prepares the Board's proposed guidelines for remuneration and other employment terms for senior executives. The proposal discussed by the Board and submitted to the AGM for approval. The Remuneration Committee also has the task to treat and prepare compensation issues for company management that the Bord of Directors then base their decision upon. The Remuneration Committee makes the proposal for the CEO's employment terms. The CEO consults with the Remuneration Committee on Employment of other members of senior management. The Remuneration Committee shall also monitor and evaluate current remuneration structures and remuneration levels in the company and ensure that the auditor no later than three weeks before the Annual General Meeting gives its written opinion to the Board of Directors on whether the guidelines for remuneration to the excecutive management have been correctly applied since the last AGM.
The audit Committee
The Board of Directors has appointed an audit committee on April 25, 2019 consisting of:
• Gunilla Spongh - Chairman of the Audit Committee
• Claes Mellgren - member of the Audit Committee
• Ulf Gundemark- member of the Audit Committee
The Audit Committee's work
The Audit Committee has a supervisory role of the company's financial reporting. The Audit Committee monitors the effectiveness of internal control, internal audit and risk management with respect to financial reporting. The Audit Committee's duties include keeping regular contact with the company's auditors to ensure that the company's internal and external accounting satisfies requirements made on market-listed companies and to discuss the scope and focus of audit work, evaluating the completed audit activities and inform the Board of Directors about the results of the audit and the results of the evaluation. The Audit Committee also assists the Nomination Committee in making proposals for potential auditors and audit fees.