Board work requires all members to engage and participate. The duties within certain areas are delegated to the committees as described below.
The Committee is responsible for evaluating and recommending the principles for remuneration.
The Committee is tasked with taking decisions on credit matters with regards to larger credits. With the exception of matters involving a potential conflict of interest, in which case the entire Board take the decision.
The committee, in its capacity as risk and capital committee, shall support the board in risk and capital issues and constitute a forum for analysis of and in-depth discussions of the company's risk-taking and capital requirements. In its capacity as audit committee, it also oversees that the financial reporting maintains high quality, receives reports from the auditor, reviews and monitors the auditor’s impartiality and independence, evaluates the auditor’s auditing performance and provides input to the Nomination Committee on the AGM proposal on the auditor’s election. The committee meets the independence requirements of the Swedish Companies Act and the Code, as well as accounting or auditing competence requirements.
The IT committee has the task of monitoring and reviewing critical business projects with large IT content, as well as dealing with and preparing issues for the Board's decisions concerning such projects.
