Audit Committee

The Audit Committee has no independent decision-making power. Reporting to the Board of Directors on matters discussed at Audit Committee meetings is done either in writing or orally at the subsequent Board meeting.

During the year, the Audit Committee consisted of Anna Belfrage and Charlotte Stjerngren.

The tasks of the Audit Committee are to:

• Work on quality assurance of financial reporting.
• Monitor alignment with the new sustainability regulations (CSRD) and quality assure sustainability reporting.
• Discuss the audit and the view of the company's risks with the auditor.
• Follow up on the audits of the external auditors and evaluate their work.
• Establish guidelines for non-audit services that the company may procure from the auditor.
• Assisting the Nomination Committee in the preparation of proposals for auditors and remuneration.
• Ensure that the company has internal control systems.

The Audit Committee works closely and regularly with the Group's central finance function on internal and external reporting of financial information. Furthermore, there is a developed co-operation on issues such as internal control, selection and evaluation of accounting policies and models. During the financial year 2023, the Audit Committee monitored compliance with the adopted guidelines. The Committee held three meetings, in which the company's auditors participated. At these meetings, accounting issues and internal control were discussed. After review and comments from the company, the auditors' written reports were submitted to the entire Board.

The following main issues have been addressed:

• Follow-up of the auditor's reporting on financial statements and ongoing audits.
• Evaluation of the auditor's performance during the year.
• Follow-up of the internal control function's audit during the year. Focus areas were the valuation of inventories, accounts receivable and goodwill and the audit of foreign subsidiaries.