The Board committees

The Board has established within itself an audit committee and a remuneration committee, along with rules of procedure for these committees.

At the statutory board meeting, the Board has for each committee appointed a number of AGM-elected directors to serve as members, of whom one is to serve as committee chair. In addition, the Board can, where necessary, establish other committees or temporary work groups to look into matters in more defined areas.

The committees report their work to the Board at the next regular board meeting, whereby the committee chair presents a report accompanied by minutes of the committee meeting. Except for a few matters handled by the Audit Committee, the committees are only drafting bodies.

The Board's legal responsibility under company law for the company's organisation and administration of the company's affairs is not constrained by the committees' work.

Last updated: 2016-03-23 08:00