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9. Work of the Board of directors
The Board’s Audit and Risk Committee is appointed by Kitron ASA’s Board of Directors and is a sub-committee of the Board. The committee mandate was revised and updated in 2020 in accordance with new regulations. The committee will, on behalf of the Board, supervise the financial reporting process to ensure the integrity of the financial statements. The committee will also go through: the company’s internal supervisory/control routines and risk management system, the external audit process, including a recommendation in the choice of an external auditor, the company’s routines regarding compliance with laws and regulations affecting the financial reporting and the company’s code of conduct.
The role of the committee is to prepare matters for consideration by the Board, to support the Board in its supervisory responsibilities and to ensure that the requirements made of the company in connection with its listing on the stock exchange are complied with.
The committee consists of three shareholder-elected Board members. The independent auditor usually attends the meetings. During 2024 there were 5 Audit Committee meetings.
Instruction for the Audit & Risk Committee
