The audit committee is appointed from within the Board based on members’ experience of, and expertise in financial reporting, accounting and internal control.
The committee follows a work plan adopted by the Board. Its primary task is monitoring internal control, procedures for financial reporting, compliance of related laws and regulations as well as the external audit in the Group.
The committee also evaluates the external auditors’ qualifications and independence. The audit committee reports their observations on a regular basis to the Board and provides, as needed, external auditor candidates to the nomination committee. The committee meets at least three times a year and as needed. The external auditors normally participate in committee meetings.
The Group audit committee consists of Johan Stern, Chairman, Dan Frohm, Cecilia Lager, Anne Lenerius and Caroline Sundewall.
Last updated 5/3/2018