The Board has appointed an Audit Committee, which is tasked with, among other things, monitoring the efficiency of the Group’s internal control and the risk management system with respect to financial reporting, and – together with the Executive Committee and the auditors – monitoring and evaluating the handling of complex accounting and valuation matters.
The Audit Committee is also tasked with monitoring the financial reporting as well as examining and evaluating 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. The Audit Committee’s assignment also includes setting guidelines for any services other than the audit that the Group may procure from the Company’s auditors as well as monitoring the Group’s work with internal control.
The Audit Committee’s members in 2021 were Christian Luiga (Committee Chairman), Stina Andersson and Christer Åberg. 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 2021. The committee’s members were paid a fee in accordance with the AGM’s resolution for work on the Audit Committee.