The main task of the Audit Committee is to assist the Board of Directors (the “Board”) in overseeing the accounting of the Group, financial reporting processes and sustainability reporting processes of the Group, the audits of the financial statements of the Group and the auditor’s review of the sustainability report of the Group, as well as other matters under applicable legislation.
Among other things, the committee monitors the quality and integrity of the Group’s financial reporting and sustainability reporting, and the effectiveness of the Group’s internal control, internal audit and risk management, including with regard to the financial reporting and sustainability reporting. The committee also oversees the Group’s compliance with legal and regulatory requirements having a material impact on the financial statements and sustainability report, and the reports from and relationship with the external auditor, including the safeguarding of their impartiality and independence. The committee also ensures that the Group has formalized routines for financial reporting and sustainability reporting and that such reports are produced in compliance with applicable approved principles, legislation, accounting standards and other requirements. Furthermore, the committee reviews and discusses with the external auditor the yearly audit procedures and the major findings during the audit and establishes guidelines regarding the services other than auditing services and review of the sustainability report provided by the external auditor. At least once a year the committee meets the external auditor without senior executives being present.
At the statutory meeting of the Board following the Annual General Meeting 2025, the following board members were appointed members of the Audit Committee. Pär Boman was appointed as Chair of the Audit Committee at the statutory meeting of the Audit Committee following the statutory meeting of the Board.
- Pär Boman, Chair (board member since 2015)
- Hans Biörck (board member since 2016)
- Martin Lindqvist (board member since 2025)
- Henrik Sjölund (board member since 2024)
- Åsa Söderström Winberg (board member since 2020)
All of the Audit Committee’s members are independent in relation to the company and its senior executives. Of these, three members are also independent in relation to the company’s major shareholders. The composition of the Audit Committee thus meets the requirements in the Swedish Corporate Governance Code relating to audit committee members’ independence. All members have accounting or auditing expertise as well as expertise in sustainability matters.
Information on the work of the Audit Committee in 2024 and attendance at committee meetings in 2024 is available in Skanska’s corporate governance report for 2024.