Last update: 22 April 2026
The Board of Directors has appointed an audit committee and a remuneration committee, whose activities are mainly preparatory and advisory.
Audit committee
According to the Swedish Corporate Governance Code, the audit committee shall consists of at least three members who are appointed by the Board on a yearly basis. One of the members shall be chairman of the committee. The audit committee consists of members Patrick Bergander (chairman), Malin Jennerholm, Mikael Svenfelt and Camilla Svenfelt.
The majority of the committee’s members shall be independent in relation to the company and its
Group Management Team and at least one of these shall also be independent in relation to the company’s major shareholders. At least one member shall be independent and have accounting or auditing expertise. Of the audit committee’s four members, all are independent in relation to the company and its Group Management Team and two are independent in relation to the company’s major shareholders.
The work of the audit committee is regulated by instructions that have been adopted by the Board as part of its work plan. The audit committee is responsible for ensuring the quality of the financial and sustainability reporting and the effectiveness of the company’s internal control and risk management regarding financial reporting as well as overseeing the sustainability reporting process. In brief, the audit committee, without affecting the other tasks and responsibilities of the Board, shall meet regularly with the company’s auditors to remain informed about the focus and scope of the audit of the financial reporting and the sustainability reporting. The company’s auditor shall be invited to participate in the meetings of the audit committee.
At least once a year, the committee shall meet without the presence of any member of the Group Management Team. All audit committee meetings must be documented. The committee held four meetings in the period between the AGM in 2025 and the publication of the Annual and Sustainability Report in March 2026.
Remuneration committee
The remuneration committee shall have no more than four members who are appointed by the Board on a yearly basis. One of the members shall be chairman of the committee. The Board’s remuneration committee consists of members Pauline Lindwall (chairman), Morten Falkenberg and Alan McLean Raleigh.
The majority of the committee’s members shall be independent in relation to the company and its Group
Management Team. Of the remuneration committee’s members, all three are independent in relation to the company and its Group Management Team.
The work of the remuneration committee is regulated by special instructions that have been adopted by the Board as part of its work plan. The main tasks of the remuneration committee are to prepare recommendations to the Board for decisions on remuneration principles, remuneration and other terms of employment for the Group Management Team, to monitor and evaluate programmes for variable remuneration completed during the year and ongoing programmes for the Group Management Team as adopted by the AGM and to monitor the current remuneration structures and levels in the Group.
The remuneration committee shall meet at least twice every financial year. The committee has since the AGM in 2025 until the publication of the Annual and Sustainability Report, in March 2026, held three meetings.