Committees

Audit Committee

The Board has, on the statutory board meeting held May 15, 2019, decided the following members of the board shall constitute Precise Biometrics’ audit committee: Torbjorn Clementz, Torgny Hellstrom and Synnevö Trygg, with Torbjorn Clementz as chairman.

The audit committee’s undertaking is to support the board in its work to fulfil its responsibilities in the areas of auditing, internal control and financial reporting. In addition to this, the work of the audit committee includes supporting the board in the preparation of proposals for the choice of auditor and, when applicable, the procurement of audit services, monitoring the auditor’s independence and staying informed about the Swedish Supervisory Board of Public Accountants’ quality control of the auditor. In 2018 the committee focused primarily on reporting (quarterly reports, annual financial reporting and internal reporting), business-related risks and internal control. The committee holds meetings two to three times a year and in conjunction with the compilation of each interim report. The committee held nine meetings during the year, of which four were in conjunction with the quarterly reports. The audit committee must meet the company’s auditor at least twice in every calendar year. Since the AGM 2018 the company’s audit committee has consisted of board members Torbjörn Clementz (committee chairman), Torgny Hellström and Synnöve Trygg.

Compensation committee

The Board has, on the statutory board meeting held May 15, 2019 decided that the following members of the board shall constitute Precise Biometrics’ Compensation Committee: Torgny Hellström and Åsa Scwarz with Torgny Hellström as chairman.

The duties of the compensation committee include issues concerning salaries, pension terms and conditions, incentive plans and other terms and conditions for the employment of the CEO and other leading executives. In 2018 the committee focused primarily on remuneration to leading executives, including the issue of incentive plans. The committee has also prepared board proposals for guidelines for remuneration to leading executives, which can be found in the Administration Report. The committee held three meetings during the year. Since the AGM 2018 the company’s compensation committee has consisted of board members Torgny Hellström (committee chairman), Mats Lindoff, Matts Lilja and Anna Almlöf.

Nomination committee

Precise Biometrics Nomination Committee for the Annual General Meeting 2019 Precise Biometrics’ Nomination Committee for the Annual General Meeting 2019 has been appointed in accordance with the instructions for the Nomination Committee decided by the Annual General Meeting 2018. The Nomination Committee consists of the following members:

  • Hans Ek, representing SEB Fonder
  • Torgils Knutsson Bonde
  • Torgny Hellström, Chairman of the Board

Hans Ek is the chairman of the Nomination Committee. Shareholders who wish to submit proposals to the Nomination Committee are welcome to contact the Nomination Committee. In order for the Nomination Committee to consider a proposal, the proposal must be received in due time prior to the Annual General Meeting which is planned to be held May 15, 2019, at latest on February 28, 2019. CONTACT NOMINATION COMMITTEE: Precise Biometrics AB Valberedningen Box 798 220 07 Lund E-mail: valberedning.2019@precisebiometrics.com