Committees

To support the Board of Directors within certain specific areas, the Board of Directors has established two committees, which prepare and evaluate issues to be decided upon by the Board of Directors within the scope of each committee’s specific area. These committees are: the Audit and Risk Committee and the Remuneration Committee.

NOBA has a Remuneration Committee consisting of four members: Hans-Ole Jochumsen (Chariman) Ricard Wennerklint, Martin Tivéus and Patrick Lapveteläinen. The Remuneration Committee shall prepare proposals regarding remuneration principles, remuneration and other terms of employment for the CEO and senior executives.

NOBA has an Audit Committee consisting of four members: Birgitta Hagenfeldt (Chairman), Ragnhild Wiborg, Christopher Ekdahl and Patrick Lapveteläinen. The Audit and Risk Committee shall, without 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, internal auditing and risk management; stay informed of the auditing of the annual report and the consolidated accounts; review and monitor the impartiality and independence of the auditor and determine whether the auditor is providing other services besides audit services for the company; and assist in the preparation of proposals for the shareholder meeting’s election of the auditor.