Committees

Audit Committee

The Audit Committee is appointed annually by the Board, and its purpose is to consider issues regarding tendering and remunerating auditors on behalf of the Board, including reviewing and surveying the auditors’ impartiality and independence, considering plans for auditing and the related reporting, to quality assure the company’s financial reporting, and to meet the company’s auditors on an ongoing basis to stay informed on the orientation and scope of the audit. The Audit Committee’s tasks include monitoring external auditors’ activities, and the company’s internal control systems, the current risk situation and the company’s financial information, and other issues the Board assigns the Committee to consider. The Committee has not been authorised to make any decisions on behalf of the Board.

The members of the Audit Committee are:

Remuneration Committee

The Remuneration Committee is appointed by the Board annually, and its task is to consider issues regarding remuneration to the President and CEO and executives that report directly to the CEO, on behalf of the Board, and other similar issues that the Board assigns the Committee to consider. The Committee has not been authorised to make any decisions on behalf of the Board.

The members of the Remuneration Committee are: