BOARD COMMITTEES
Remuneration Committee
The main tasks of the Remuneration Committee is to prepare the Board of Directors’ decisions on issues concerning principles for remuneration, remunerations and other terms of employment for the Executive Group Management, monitor and evaluate programmes for variable remuneration, both ongoing and those that have ended during the year, for the Executive Group Management, monitor and evaluate the application of the applicable guidelines for remuneration that the General Meeting is legally obliged to adopt, as well as the current remuneration structures and levels in the Company and draft a proposal for a report as to each financial year that shows the remuneration that has been paid and the remuneration that is outstanding which is governed by the guidelines for remuneration the Executive Group Management.
The Remuneration Committee, which shall meet at least once per financial year, consists of the following two Board members: Alexander Martensen-Larsen (Chairperson) and Andreas Källström Säfweräng.
Audit Committee
The main tasks of the Audit Committee is, without any impact otherwise on the responsibility and tasks of the Board of Directors, to monitor RevolutionRace’s financial reporting and provide recommendations and proposals to ensure the reliability of the reporting, monitor the efficiency of the Company’s internal controls and risk management, keep itself informed regarding audit of the annual report and group accounts as well as regarding the conclusions of the Swedish Inspectorate of Auditors’ (Sw. Revisorsinspektionen) quality controls, inform the Board of Directors of the result of the audit and the way in which the audit contributed to the reliability of the financial reporting, as well as the function filled by the Audit Committee, review and monitor the impartiality and independence of the auditor and, in conjunction therewith, pay special attention to whether the auditor provides the Company with services other than auditing services, and assist in conjunction with preparation of proposals to the General Meeting’s resolution regarding election of auditor.
The Audit Committee, which shall meet at least five times each financial year, consists of the following Board members: Cecilie Elde (Chairperson), Alexander Martensen-Larsen and Birgitta Stymne Göransson.
