The Board of Directors has established two committees to deal with specific issues that require specialized areas of expertise. This allows the Board to divide their work into manageable sections and tap the specific talents, skills and knowledge of individual board members.
REMUNERATION COMMITTEE
The Swedish Corporate Governance Code (the “Code”) requires 4C to have a Remuneration Committee. The Remuneration Committee is primarily a preparatory body and makes proposals to the board of directors. The Remuneration Committee operates according to specific rules of procedure adopted by the Board of Directors. The main tasks of the Remuneration Committee are to prepare the Board’s decisions on matters relating to remuneration policies, remuneration and other terms of employment of senior management, to monitor and evaluate ongoing variable remuneration programmes for senior management and those decided during the year, and to monitor and evaluate the application of the guidelines for remuneration of senior management decided by the Annual General Meeting and the remuneration structures and levels in force in the company.
Chair of the Committee: Jörgen Ericsson
Board member of the Committee: Anders Fransson
AUDIT COMMITTEE
The Audit Committee operates under instructions adopted by the Board of Directors, and some of its main tasks include monitoring 4C’s financial reporting, monitoring the effectiveness of the company’s internal control and risk management relating to financial reporting, maintaining a dialogue regarding the company’s accounting policies with the auditors and management, reviewing financial statements at the group level, monitoring and reviewing the company’s internal control over accounting, financial management and the financial situation of the company; review and monitor the impartiality and independence of the auditor, paying particular attention to whether the auditor provides non-audit services to the company and discussing any threats to the auditor’s independence; regularly meet and consult with the auditors; and review the corporate governance report and, where applicable, the sustainability report.
Chair of the Committee: Christine Rankin
Board member of the Committee: Erik Ivarsson
