The board of directors has set up two committees; the audit committee and the remuneration committee. The board of directors has adopted rules of procedure for both committees.
The Audit Committee’s role is to monitor the company’s financial reporting, the efficiency of the company’s internal controls, internal auditing and risk management and keep informed of the auditing of the annual report and the consolidated accounts, review and monitor the impartiality and independence of the auditor. The audit committee shall also assist the nomination committee in proposals for resolutions on the election and remuneration of the auditor.
The Remuneration Committee shall prepare proposals regarding remuneration principles, remuneration and other terms of employment for the CEO and senior executives.