The company’s Auditor is appointed by the Annual General Meeting for the period until the end of the next Annual General Meeting. The Auditor examines the Annual Report and accounts as well as the management performed by the Board of Directors and the CEO.
Following each financial year, the Auditor shall submit an Audit Report to the General Meeting. The company’s Auditor annually reports his observations from the Audit and his assessment of the company’s internal control to the Board of Directors.
At the General Meeting 25 April 2017 Mr. Ola Spinnars was elected Auditor. He works for Finnhammars Revisionsbyrå. Mr. Jonas Forsberg serves as deputy Auditor.
The Auditor can be contacted at Finnhammars Revisionsbyrå, Videvägen 5, Box 194, 194 23 Upplands Väsby.
The Board of Directors may establish Committees responsible for preparing tasks for certain areas and may also delegate decision-making rights to such Committee, but the Board cannot delegate responsibility for decisions taken on the basis thereof. Auditing Committees are regulated through the Swedish Companies Act and the Swedish Corporate Governance Code. The Audit Committee’s role is primarily to maintain and monitor the effectiveness of the company’s contacts with the Auditor, monitor routines for accounting and financial reporting and internal audit within the group. The Board of Directors has made the assessment that there currently does not exist a need for a Remuneration Committee. The Board considers that these tasks is best taken care of within the Board of Directors.