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Audit committee

Audit committee

The Board has appointed an Audit Committee, which is tasked with, among other things, monitoring the efficiency of the Group’s internal control and risk management with respect to financial reporting.

The Audit Committee is furthermore tasked with monitoring the financial reporting, and together with the Executive Committee following and assessing the handling of complicated matters related to accounting and valuation. The Audit Committee also follows and evaluates the external audit and the impartiality, independence, and performance of the auditors.

The Company’s auditors attend the Audit Committee’s meetings, during which the committee is informed about the focus and scope of the audit and the auditors’ views of the Group’s risks and work with internal control. The Audit Committee’s assignment also includes recommending guidelines for any services other than the audit that the Group may procure from the
Company’s auditors.

As of the start of 2023, the members of the Audit Committee were Christian Luiga (Chairman), Sara Öhrvall and Christer Åberg. As of the AGM, Christer Åberg was replaced by Peter Ruzicka. Axfood’s President and CEO and CFO are co-opted member of the Audit Committee, and Axfood’s Head of Group Accounting is committee secretary. During the year, the committee dealt with proposed revisions of the finance and credit policy and the investment policy. In addition, the Audit Committee reviewed the Group’s financial reports, risk management, internal control as well as forthcoming sustainability regulations. The Audit Committee held six meetings in 2023. The committee’s members were paid a fee in accordance with the AGM’s resolution for work on the Audit Committee.