Audit Committee

The Audit Committee (AC) is a comittee to the Board of Directors and its members are appointed by the Board. The AC shall consist of at least to members of the Board and the majority of its members shall be independent of the company and its executive management. Board members who are part of the company management cannot be AC members. M. Johan Widerberg is President of the AC and Kinna Bellander is a member, both which are independent of the company and its executive management. The company’s CFO shall attend the AC’s meetings and keep minutes thereof. The Group’s internal auditor shall also attend the AC’s meetings.

The Board assigns to the AC to prepare and decide on audit issues and report discrepancies to the Board. The external auditor reports directly to the Board. AC shall on the Board’s instructions be responsible for the work to ensure the quality of the company’s internal management and control in regards to:

• financial reporting
• risk management and risk control
• compliance
• other internal management and control
• matters which the Board refers to AC