Audit Committee
The Board of Directors in Europris has established an Audit Committee as a preparatory and advisory committee for the Board in questions concerning accounting, audit and finance. In particular, the Audit Committee shall:
- Monitor the financial reporting process, the effectiveness of Europris’ internal control, internal audit and risk management system and the statutory audit of the annual and consolidated accounts
- Monitor and review the independent auditor’s qualifications and independence and Europris’ internal accounting function; and
- Monitor Europris’ compliance with applicable legal and regulatory requirements, and Europris’ compliance with its governance policies
The Audit Committee is composed of three members, all of whom are independent of Europris’ management team:
- Hege Bømark (chairperson)
- Tom Vidar Rygh
- Claus Juel-Jensen
The Audit Committee reports and makes recommendations to the Board, but the Board retains responsibility for implementing such recommendations.
Remuneration Committee
The Board of Directors has established a Remuneration Committee, comprising of three Directors:
- Tom Vidar Rygh (chairperson)
- Bente Sollid
- Martin Klafstad
The Remuneration Committee is a preparatory and advisory committee for the Board in questions relating to Europris’ remuneration of the management. The purpose of the Remuneration Committee is to report and make recommendations to the Board, but the Board retains responsibility for implementing such recommendations.