Board Committees

The remuneration committee comprises three members: Morten Eivindssøn Astrup (chairman), Joakim Friedman and Mariette Kristensson.

The remuneration committee shall prepare proposals on remuneration principles, remunerations and other employment terms for the Company's executive group management. Furthermore, the remuneration committee shall monitor and evaluate any programmes for variable remuneration to the executive group management, the application of the guidelines for remuneration to executive group management adopted by the general meeting as well as the current remuneration structures and remuneration levels in the Company.

The audit committee comprises three members: Morten Eivindssøn Astrup (chairman), Joakim Friedman and Mariette Kristensson.

The main tasks of the audit committee are, without affecting the board's responsibilities and duties, to ensure a satisfactory level of control over risk management, internal control, accounting and financial reporting and ensure that the Company's financial reporting and sustainability reporting are prepared in accordance with laws, other relevant regulations and applicable accounting standards. The audit committee shall ensure maintained on-going contact with the external auditors, review the results of and evaluate the work of the external auditors and provide recommendations to the nomination committee regarding the election, re-election or termination of the external auditors. The audit committee shall also review and assess the external auditor's independence and objectivity towards the Company and pay particular attention to whether the external auditors provide, or may provide, other services to the Company besides auditing. Furthermore, the committee shall inform the Board of the results of the external audit and in what way the audit contributed to the reliability of the financial reports and what function the committee has had.