Committees

To support the Board of Directors within certain specific areas, the Board of Directors has established two committees, which prepare and evaluate issues to be decided upon by the Board of Directors within the scope of each committee’s specific area. These committees are: the Audit and Risk Committee and the Remuneration Committee.

NOBA has a Remuneration Committee consisting of three members: Hans-Ole Jochumsen (Chariman), Christopher Ekdahl, and Ricard Wennerklint. The Remuneration Committee shall prepare proposals regarding remuneration principles, remuneration and other terms of employment for the CEO and senior executives.

NOBA has an Audit Committee consisting of five members: Birgitta Hagenfeldt (Chairman), Hans-Ole Jochumsen, Martin Tivéus, Ricard Wennerklint and Ragnhild Wiborg. The Audit and Risk Committee shall, without affecting the responsibilities and tasks of the Board of Directors: monitor the company’s financial reporting; monitor the efficiency of the company’s internal controls, internal auditing and risk management; stay informed of the auditing of the annual report and the consolidated accounts; review and monitor the impartiality and independence of the auditor and determine whether the auditor is providing other services besides audit services for the company; and assist in the preparation of proposals for the shareholder meeting’s election of the auditor.