Board committees

The members of each committee are appointed for one year from amongst the Board members. The tasks of the committees and their work procedures are stipulated in written instructions issued by the Board. The committees’ primary task is to prepare issues and present them to the Board for resolution.

Audit committee

The Audit committee, which consists of three Board members, is appointed by the Board.

Members of the committee 2023/2024

The Audit Committee currently consists of:

• Karl Åberg (Chairman of the Committee)
• Claes Boustedt
• Susanne Pahlén Åklundh

The Board secretary, Johanna Kreft, is also secretary of the Audit Committee.

The committee's work in 2022

During 2022, the Audit Committee held six meeings, at which Alleima’s external auditor and representatives of the company’s management were present.

Tasks of the committee

Areas addressed by the Audit Committee mainly related to

• Monitoring the financial reporting and ensuring its reliability
  Effectiveness of the system of internal control and internal audit
• Planning, scope and follow-up of the internal and external audit for the year
• Assistance to the Nomination Committee with regards to presenting a proposal for the election of auditor
• Monitoring of the external auditor’s independence and objectivity vis-à-vis the company, including the extent to which the auditor provides other services than auditing services to the company
• The Group’s systematic processes for overall corporate risk management (ERM), as well as more detailed risk management matters including legal disputes, compliance, corporate investigations, IT security, accounting procedures, taxation, treasury, finance operations, and insurance coverage.
• The development and effectiveness of compliance processes, with special focus on the roll-out of the compliance program, the Compliance House
• Alleima’s Code of Conduct, some specific cases managed through Speak Up, Alleima’s global whistle-blowing system, as well as the overall effectiveness of the system
• Alleima’s sustainable business strategy

Remuneration committee

The Remuneration Committee, which consists of two Board members, is appointed by the Board.

Members of the committee 2023/2024

The Remuneration Committee currently consists of

• Andreas Nordbrandt (Chairman of the Committee)
• Ulf Larsson

The Board secretary, Johanna Kreft, is also secretary of the Remuneration Committee.

Tasks of the committee

The tasks of the Remuneration Committee are, among others, those prescribed by the Swedish Corporate Governance Code, which include preparing proposals regarding guidelines for remuneration of senior executives and long-term incentive programs for senior executives.

Based on the recommendations of the Remuneration Committee, the Board decides the remuneration and terms of employment for the President, who in turn decides on the remuneration to be paid to the Group Executive Management in consultation with the Remuneration Committee.

The committee's work in 2022

During 2022, the Remuneration Committee held five meetings.