The task of the Audit Committee is to prepare, direct and evaluate financial reporting as well as auditing, internal audits, risk management, judicial risks and internal auditing systems. The Audit Committee assesses the independence of the auditor and prepares the proposal of the Board of Directors to the Annual General Meeting regarding the appointment of the auditors. The Committee is not vested with independent decision-making powers, but it prepares proposals to the Board of Directors. The Audit Committee is comprised of a Chairman and two members appointed annually by the Board of Directors from among its members. The Committee as a whole shall have appropriate expertise pertaining to accounting and financial reporting. The members of the Audit Committee shall be independent of the company and at least one member shall be independent of the company’s significant shareholders. The Audit Committee meets whenever necessary but at least four times per year led by the Chairman of the Committee. The Committee’s charter is attached (Appendix 3).
FY 2024 The members of the Audit Committee are Eeva-Liisa Virkkunen (chair), Dick Hordijk and Stefan Damlin.