Committees 2009
In order to increase the efficiency of its work and enable a more detailed analysis of certain issues, the Board has formed three committees: the Audit Committee, the Remuneration Committee and the Finance and Risk Committee. The members of the committees are appointed for a maximum of one year at the statutory Board meeting and perform their duties as assigned by the instructions presented to each committee annually. The primary objective of the committees is to provide preparatory and administrative support to the Board. However, they are also empowered to make decisions on matters that the Board, pursuant to the committee instructions, delegates to them and on other issues in their respective areas of responsibility that are not considered essential in nature. The committees are required to inform the Board of any such decisions. The issues considered and the decisions taken at committee
meetings are to be recorded in the minutes and reported at the next Board meeting. Representatives from the company’s specialist functions always participate in committee meetings.
Information updated 2010-03-18 15:42:25