Finance and Audit Committee

Duties
The overall task of the Finance and Audit Committee is to ensure fulfillment of the Board of Directors’ supervisory duty in relation to internal control over  financial reporting, audit, risk management, accounting and financial reporting.

The Finance and Audit Committee reviews procedures and routines for the aforementioned areas and also prepares the Board of Directors’ report on internal control. In addition, the Finance and Audit Committee monitors the impartiality and independence of the auditor, evaluates the audit work including the external auditor’s additional supervisory duties in relation to the Group’s self-assessment process, to verify the internal control over financial reporting.

The Finance and Audit Committee also assists Capio’s Nomination Committee in preparing nominations for auditors and recommendations for audit fees.

The Finance and Audit Committee should hold at least four meetings per year and the meetings should be held in conjunction with ordinary Board meetings.

During 2016, the Finance and Audit Committee held a total of five meetings. The attendance of Board members at committee meetings is presented in the table on page 142 in the Annual Report.

Composition
The following Board members were appointed members of Capio’s Finance and Audit Committee at the inaugural Board meeting following the Annual General Meeting 2017:

• Gunilla Rudebjer (chairperson)
• Hans Ramel
• Joakim Rubin 
• Michael Wolf

The current composition of the members of Capio’s Finance and Audit Committee is assessed to meet the requirements of the Swedish Companies Act. Please refer to page 142 in the Annual Report and to the nomination committee’s reasoned statement for the assessment of  the independence of the Board. All members of the Finance and Audit Committee are highly familiar with accounting matters and the accounting standards that apply for an international Group such as Capio.