Audit committee
The primary purpose of the audit committee is to act as a preparatory and advisory committee for the Board of Directors in monitoring the Group's internal control of the risk management and financial reporting. This includes but is not limited to:
- all critical accounting policies and practices;
- quality, integrity and control of the Group's financial statements and reports;
- compliance with legal and regulatory requirements;
- qualifications and independence of the external auditors; and
- performance of the internal audit function and external auditors.
The audit committee reports and makes recommendations to the Board of Directors, but the Board of Directors retains responsibility for implementing such recommendations.
The audit committee consists of Siw Ødegaard (chair) and Anna Söderblom
Remuneration committee
The primary purpose of the remuneration committee is to assist the Board of Directors in discharging its duty relating to determining the Management's compensation. The remuneration committee shall report and make recommendations to the Board of Directors, but the Board of Directors retains responsibility for implementing such recommendations.
The remuneration committee consists of Kjell Magne Leirgulen (chair) and Bendik Nicolai Blindheim
MERGERS AND ACQUISITIONS COMMITTEE
The objective of the committee is to act as a preparatory and advisory body in relation to the Group's mergers and acquisitions (M&A) strategy and processes. The purpose of the M&A committee is to ensure thorough and independent preparation of matters relating to M&A.
The M&A committee consists of Kjell Magne Leirgulen (chair) and David Bjerkeli.