The Audit committee
The audit committee is appointed from within the Board based on members’ experience of, and expertise in financial reporting and internal control. The committee follows a work program 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 twice a year and as needed. The external auditors normally participate in committee meetings. The committee met three times in 2011. The auditors reported on the audit of the nine month report and the annual accounts, the company’s situation with the Code of Corporate Governance and internal control were discussed.
The members of the audit committee in 2011 were Tore Åberg, Chairman, Göran Johnsson, Kerstin Paulsson and Johan Stern.
In 2012 the Group auditing committee consists of Göran Johnsson, Cecilia Lager, Kerstin Paulsson and Johan Stern.
Last updated:
5/3/2012
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