Finance and Audit Committee (FAC)

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 inrelation to the Group’s self-assessment process, in order 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 2017, the Finance and Audit Committee held a total of six meetings. The attendance of committee meetings by Board members is presented in the table on page 145 in Capio Annual Report 2017.

Composition

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

  • Gunilla Rudebjer (chairperson
  • Fredrik Näslund (replaced by Hans Ramel at the extraordinary general meeting held on August 22, 2017)
  • 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 145 in Capio Annual Report 2017 and the nomination committee’s reasoned statement for more information about the independence of the Board. All members of the Finance and Audit Committee are highly familiar with accounting matters and the accounting standards applicable to an international Group such as Capio.