The Board of Directors shall continously monitor the Company's financial situation, be responsible for internal controls and ensure that financial statements be prepared and are reliable when they are published. The Board of Directors assists the management team by monitoring and identifying in a structured manner any business risks and to orient the Company towards managing the most significant risks. Within context, this represents the Board's responsibility for the Company's administration.
The task of the Auditors is to review and examine the administration of the Company by the Board and the CEO, as well as the quality of the Company's accounts and financial statements.
The Annual General Meeting of Shareholders held in 2007 appointed the authorised auditing firm Ernst & Young AB for a period of four years, with authorised public accountant Anders Johansson as principal auditor