Audit Committee
The Audit Committee consists of the Chairman of the Board, Svend Holst-Nielsen and the Board members Stig Karlsson, Per Frankling and Ulf Gundemark. Per Frankling is the Chairman of the Audit Committee. Independent and qualified member is Svend Holst-Nielsen.
The Audit Committee shall secure the quality of the financial statements, maintain ongoing contact with the auditors, monitor the independancy and objectivity of the auditors, in cooperation with the Nomination Committee prepare the election of the auditors, monitor the internal control of the company as well as dealing with other related matters.
Remuneration Committee
The Remuneration Committee consists of the Chairman of the Board, Svend Holst-Nielsen, as Chairman, and the Board members Per Frankling and Anders C Karlsson.
The Committee shall prepare the Board's resolutions regarding principles of remuneration, remuneration and other employment conditions for the Group Management, follow and evaluate running and closed proprammes of variable remuneration for the Group Manangement and follow and evaluate the application of the principles of remuneration to senior executives as the Annual General Meeting is to decide upon.
The Remuneration Committee was constituted at the Board meeting held on 11 May 2010.