Audit Committee

The Audit Committee assists the Board of Directors as supervisory board monitoring the company’s accounting process, internal control and risk management systems and establishing relationships and a framework for external auditors.

The Audit Committee began its work in April 2009 and aims at preparing decisions and recommendations for consideration and approval in the Board of Directors. The company assists the Audit Committee with a secretariat function.

The following requirements apply for the Audit Committee:

• The Audit Committee consists of 2 members appointed by and among the Board of Directors for 1 year at the time.
  
  
• The Chairman of the Audit Committee is appointed for 1 year at the time at the first board meeting after the general meeting. A minimum of 4 meetings a year will be held by the Audit Committee.
  
  
• Persons from the company’s day-to-day management may participate in the meetings at the request of the Audit Committee.

Read more in the Terms of Reference of the Audit Committee 

Members of the Audit Committee:

Jutta af Rosenborg, Chairman of the Audit Committee

Jan Stranges, ordinary member of the Audit Committee