Audit committee 2021
The Board of Directors has elected Fredrik Cappelen (Chair), Ingrid Bonde and Johan Menckel as members of the Audit Committee for the period up to and including next annual general meeting. The majority of the Audit Committee members for 2021 are considered independent of the company and senior management.
Specifically, the Committee monitors the financial reporting, the effectiveness of internal control, internal audit activities and the risk management system. The Committee also stays informed about annual statutory audits. It assesses the external auditor's independence and approves the performance of non-audit services.
The Committee presents its findings and proposals to the Board, prior to the Board's decision.
Work of the Audit Committee 2020
The committee met four times during 2020. For information on major topics that have been discussed, click here to refer to the illustration on page 49 of the Annual Report 2020.