The main duties of the Audit Committee are to supervise the Company’s financial reporting, monitor efficiency in its internal controls, internal audit, and risk management, and apprise itself of information regarding the audit of the annual report and consolidated financial statements, review and monitor the auditor’s impartiality and independence and, in so doing, take particularly into account whether the auditor provides LIDDS with services other than audit services. The Audit Committee shall also assist the Nomination Committee with proposal to the general meeting for election of auditors. The Audit Committee has regular contacts with LIDDS’ auditors.
The members of the Audit Committee are:
- David Bejker, Chairman
- Daniel Lifveredson
- Maria Forss
The committee complies with the Companies Act’s requirements for independence and accounting and auditing expertise.