Governance  

Governance

In accordance with the Company’s Articles of Association, the Company has one auditor, which should be an auditing firm approved by the Central Chamber of Commerce. The term of the auditor is one financial year, ending at the conclusion of the following Annual General Meeting.

The Audit Committee prepares the Board proposal for company auditor to be presented at the Gen-eral Meeting. The General Meeting appoints the auditor.

The Company auditors report to the Company Board of Directors, the Audit Committee and the Presi-dent and CEO at least twice during the year. The auditors provide the Company’s shareholder with the statutory audit report required by law in connection with the annual financial statements at the Annual General Meeting.

Ernst & Young was appointed as the auditor for 2014 in the Annual General Meeting, with with APA Kristina Sandin serving as auditor with principal responsibility. The compensation paid to the auditors is itemised in the Financial Statements 2014.