The Board of Directors committees and their work
The Board of Directors has three Committees: the Audit Committee, the Remuneration Committee and the Project Committee.
The Remuneration Committee will support the Board of Directors by submitting proposals on remuneration issues and regularly monitor and evaluate the remuneration structures and levels of the CEO and other members of the EMT.
The primary duties of the Remuneration Committee will be to consult on the Board of Directors’ decisions on matters regarding remuneration principles, remuneration and other employment terms of senior managers, to monitor and evaluate variable remuneration programs for senior managers that are ongoing or conclude in the year, and to monitor and evaluate application of the remuneration guidelines for senior managers that the AGM should resolve on according to legislation, and applicable remuneration structures and remuneration levels of the company.
The members of the Remuneration Committee should be appointed by the company’s Board of Directors, and there should be at least two (2) members. The members of the Remuneration Committee are Anders Narvinger (Chairman) and Mats Granryd.
The Audit Committee should ensure implementation of the Board of Directors’ supervisory responsibilities regarding internal controls, risk management, the audit, internal audit, accounting and financial reporting, and consult on specific accounting and audit matters to be dealt with by the Board of Directors.
The Audit Committee should monitor Coor’s financial reporting in terms of monitoring the effectiveness of the company’s internal controls over financial reporting, internal audit and risk management, stay informed on the audit of the annual and consolidated accounts, review and monitor the auditor’s impartiality and independence, and in this context, particularly scrutinize any services the auditor renders to the company other than auditing, offer assistance on the preparation of proposals for AGM resolution on the election of auditors, and ensure that the group’s nine-month interim financial statement is subject to a summary review by the group’s auditors.
The Audit Committee will be appointed by the company’s Board of Directors and will have at least three (3) members appointed by the Board of Directors. The members of the Audit Committee are Kristina Schauman (Chairman), Monica Lindstedt and Mats Granryd.
The Project Committee will support the Board of Directors by submitting proposals and making specific decisions regarding new business combinations, investments and service contracts, etc. The Project Committee will be appointed by Coor’s Board of Directors and have at least two (2) members. The members of the Project Committee are Anders Narvinger (Chairman), Mats Granryd and Mats Jönsson.