BOARD commiteeS

Audit Committee

The audit committee consists of board member Mikael Hagman, who also serves as the committee’s chairman, along with Mikael Olander and Peter Rosvall.

The committee’s responsibilities include overseeing the financial reporting of the Company and Group, monitoring the effectiveness of internal controls, internal audits (should such a function be established in the future), and risk management. It will stay informed about the audit of the annual report and consolidated financial statements, along with the Audit Inspectorate’s quality control findings. Additionally, the committee will assess the auditor’s independence and impartiality, particularly regarding any non-audit services provided to the Company. If not handled by the nomination committee, the audit committee will also assist in preparing proposals for the election of auditors at the general meeting.

Remuneration Committee

The remuneration committee consists of board members Adam Schatz (who serves as the committee’s chairman), Martin Edblad, and Johan Ryding. The primary function of the remuneration committee is to assist the Board of Directors in making decisions regarding (i) the principles for remuneration, compensation, and other terms of employment for the group management, (ii) monitoring and evaluating ongoing and completed variable remuneration programs for the group management throughout the year, and (iii) overseeing the implementation of any remuneration guidelines for senior executives approved by the general meeting, as well as reviewing the current remuneration structures and levels.