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The Board has appointed a Remuneration Committee and an Audit Committee.
The Nomination Committee has been appointed and presented in accordance with the decision by the Annual General Meeting.
The task of the Nomination Committee is to suggest to the Annual General Meeting Board members and the fees for the
Board and Auditors, in close collaboration with the major shareholders. Please go to Nomination Committee for more information.
Remuneration Committee
The Remuneration Committee prepares matters relating to remuneration and terms of employment for company management, and draws up proposals for guidelines on remuneration to the CEO and senior executives, which the Board submits for a decision by the AGM. In light of this, it is also the Remuneration Committee’s
responsibility to monitor trends in remuneration offered by competitors and other comparable players in order to make sure that the company is offering a competitive level of remuneration. The Remuneration Committee also draws up recommendations to the Board about how the guidelines on remuneration to senior executives as adopted by the AGM shall be implemented in practice. The CEO’s remuneration is defined by the Board. Remuneration to other senior executives is decided upon by the CEO in consultation with the Remuneration Committee. The Remuneration Committee, which is appointed by the Board, consists of the Chairman of the Board and two Board members who are independent in relation to the company and management.
The Remuneration Committee consists of Chairman of the Board Anders Remius and members Åke Modig and Mats-Olof Ljungkvist.
Audit Committee
It is the Audit Committee’s task to support the work of the Board to guarantee high quality in three primary areas: internal control, financialreporting and external audit. This means, among other things, that the committee guaranteeseffective systems for internal control and a correct assessment of the company’s financial status. It also means that the committee reviews interim reports and the year-end bulletin before they are submitted to the Board and deals with all critical accounting matters, for example accounting and valuation policies applied. The Audit Committee is also an important communication conduit between the Board and the company’s auditors. One of the committee’s tasks is to assist the Nomination Committee in preparations for the election of auditors and the recommendation of remuneration to auditors, as well as conducting a dialogue with the auditors about the audit.
The Audit Committee consists of Board members Mats-Olof Ljungkvist (chairman), Stig Karlsson and Lars-Åke Rydh
Proposals from individual shareholders can be made to the
committees by post via HL Display’s head office in Nacka strand, or by
e-mail to
info@hl-display.com.
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