The Annual General Meeting appoints auditors every fourth year. On behalf of the shareholders, the auditors' task is to examine the company's Annual Report and accounting records and the administration of the Board of Directors and the CEO.
The 2008 Annual General Meeting re-elected the accounting firm Ernst & Young AB, with the authorised public accountant Hamish Mabon (born in 1965) as chief auditor, as auditor for a term of office of four years. Hamish Mabon possesses the requisite expertise and is a member of FAR. Hamish Mabon has participated in the assignment of auditing Hexagon since 2001. In addition to Hexagon, he conducts auditing assignments for such companies as Vattenfall AB, Relacom Holding AB and Scania Sverige AB. Hamish Mabon has no active assignments in companies that are closely related to Hexagon’s major shareholders or President and CEO.
During 2010, in addition to the audit, the auditors had other assignments in the form of work connected to acquisitions and the new share issue with preferential right for the company’s shareholders. Hexagon’s auditors attended the first Board meeting of the year, at which they reported observations from their examination of the Group’s internal controls and the annual financial statements. The auditors met the Audit Committee on four occasions during 2010.
The address of the auditors is Ernst & Young AB, P.O. Box 7850, 103 99, Stockholm, Sweden.
| Remuneration of the Group's auditors | ||||
|---|---|---|---|---|
| Group | Group | Parent Company | Parent Company | |
| MSEK | 2009 | 2008 | 2009 | 2008 |
| Auditing | ||||
| Ernst & Young | 19 | 19 | 1 | 1 |
| Other | 1 | 1 | - | - |
| Total | 20 | 20 | 1 | 1 |
| Assignments other than auditing | ||||
| Ernst & Young | 2 | 2 | - | 1 |
| Other | 6 | 13 | - | - |
| Total | 8 | 15 | - | 1 |
