Audit Committee

The Audit Committee’s principal responsibility is to support the Board of Directors in ensuring the quality and integrity of the Company’s financial reporting and to remain informed about the audit of the annual accounts and consolidated financial statements. This also entails monitoring the effectiveness of Stenhus Fastigheter’s internal control systems and risk management processes, particularly those related to financial reporting.

The Committee shall also oversee the quality of the Company’s sustainability reporting, monitor developments in sustainability-related risks and opportunities, and ensure that the Company has appropriate processes and internal controls in place to comply with applicable sustainability reporting requirements.

Furthermore, the Committee shall review and monitor the auditor’s impartiality and independence, paying particular attention to whether the auditor provides the Company with services other than audit services. The Committee shall also assist in the preparation of proposals for the General Meeting’s resolution regarding the election of auditors.

Minutes shall be kept of the Audit Committee’s meetings, and the Committee shall report regularly to the Board of Directors. Members of the Audit Committee shall be appointed with particular consideration given to their expertise and experience in accounting and auditing within listed companies. All members of the Audit Committee shall be Board members elected by the General Meeting, and a majority of the Committee’s members shall be independent in relation to the Company and its executive management. At least one member who is independent in relation to the Company and its executive management shall also be independent in relation to the Company’s major shareholders.

The Audit Committee consists of Malin af Petersens (Chair of the Committee), Frank Roseen, Anders Wennberg, and Erik Borgblad, all of whom possess extensive expertise. Malin, Frank, and Anders are independent in relation to the Company, its executive management, and Stenhus’ major shareholders. Erik is not independent in relation to the Company and its executive management but is independent in relation to Stenhus’ major shareholders.

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