The board of directors can form committees and assign special functions and responsibilities to them. At present, there are four committees. They analyse business decisions and decisions relating to personnel, which have been submitted by the corporate management, in detail.

The committees report to the board of directors in order to assist it in decision making and to perform their supervisory function. They give further recommendations on different business issues and personnel issues.

The four committees are:

• Audit and finance committee
• Compensation and personnel committee
• Strategic committee
• Nomination committee

For further information about the functions and responsibilities of the individual committees, please refer to pages 42/43 of our current annual report. This can be downloaded here.