Committees

Remuneration committee

The Remuneration committee is responsible for addressing all issues relating to remuneration, such as salaries, variable salary components, warrants, pension benefits and other forms of compensation for group management.

Audit committee

The Audit committee shall, without it affecting the responsibilities and tasks of the Board of Directors, monitor Pandox’s financial reporting, monitor the efficiency of the Pandox’s internal controls, internal auditing and risk management, keep informed of the auditing of the annual report and the consolidated accounts, review and monitor the impartiality and independence of the auditors, pay close attention as to whether the auditors are providing other services besides audit services for Pandox, and assist in the preparation of proposals for the shareholders’ meeting’s decision on election of auditors.

Finance committee

The committee will address issues of particular importance to Pandox's financial position, such as refinancing of bank loans, interest rate hedging and fulfilment of conditions in credit agreements.