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.
The Audit Committee’s members in 2022 were Christian Luiga (Committee Chairman), Stina Andersson, Christer Åberg and Sara Öhrvall. Axfood’s President and CEO, Klas Balkow, and Axfood’s CFO, Anders Lexmon, are co-opted members of the Audit Committee, and Axfood’s Head of Group Accounting, Catarina Forsgren, is committee secretary. During the year, the committee dealt with proposed revisions of the finance and credit policy and investment policy. In addition, the Audit Committee reviewed the Group’s work with risks and internal control. The Audit Committee held seven meetings in 2022. The committee’s members were paid a fee in accordance with the AGM’s resolution for work on the Audit Committee.