Committees

Audit committee

The Company has established an audit committee which shall, without it affecting the responsibilities and tasks of the board of directors, monitor the company's financial reporting, monitor the efficiency of the company's internal controls, keep itself informed of the auditing of the annual report and the consolidated accounts, review and monitor the impartiality and independence of the auditors, keep itself informed of any conclusions by the Committee for the Authorization of Public Accountants in its quality control of the company's accountant and pay close attention to whether the auditors are providing other services besides audit services for the company (as well as, if needed, and to the extent permitted and considered appropriate, to approve other services than auditing services). The committee is further tasked with reviewing the auditing and provide the nomination committee with this information as well as to assist in the preparation of proposals for the shareholders' meeting's decision on election of auditors, including the administration of the procurement procedure.

Remuneration committee

The board of directors in its entirety performs the duties of the remuneration committee. Such duties include remuneration principles, remuneration and other terms of employment for the CEO and other senior executives.