Committees

Provisions on the establishment of an audit committee can be found in the Swedish Companies Act and in the Swedish Code of Corporate Governance, and provisions on the establishment of a Remuneration Committee can be found in the Swedish Code of Corporate Governance. 

Remuneration Committee

Momentum Group has a Remuneration Committee consisting of Johan Sjö (Chairman) and Stefan Hedelius. Both Johan Sjö and Stefan Hedelius are independent in relation to the company and company management. The company thereby fulfils the requirements stipulated in the Code. Information on the Remuneration Committee is presented in the rules of procedure for the Board, which are adopted annually. The Remuneration Committee is to prepare proposals concerning remuneration principles and other terms of employment for senior executives, and to consult with the President & CEO concerning the remuneration of senior executives. The Remuneration Committee is also tasked with monitoring and evaluating programmes for variable remuneration for senior executives and the application of the guidelines for the remuneration of senior executives, as adopted by the AGM.

Audit Committee

The Audit Committee consists of the entire Board, and the work of the committee is to be conducted as part of the Board’s work at scheduled Board meetings. Director Gunilla Spongh has accountancy and audit expertise and has been appointed Chairman of the Audit Committee.

The Audit Committee is to monitor the company’s financial reporting, monitor the efficiency of the company’s internal control and risk management with respect to its financial reporting, keep itself informed about the audit of the annual report and consolidated financial statements, review and monitor the impartiality and independence of the auditors and, in particular, whether the auditors have provided the company with services other than auditing services, and assist in the preparation of proposals regarding the election of auditors for resolution by the general meeting of shareholders. The Audit Committee shall consider possible recommendations for improving the internal control of financial reporting, including annually considering the need for an internal audit function in accordance with the Code.