Risk and Audit Committee
The Risk and Audit Committee serves in an advisory capacity and prepares issues for consideration and decision by Hoist Finance’s Board. The Risk and Audit Committee has a mandate to make decisions in matters regarding the procurement of non-audit related services from external auditors. The Committee is responsible for motioning and ensuring the quality of financial reporting, the effectiveness of the company’s internal control and the tasks performed by the Internal Audit, Risk Control, Compliance and Security functions. The Committee also discusses valuation matters and other assessments pertaining to the annual accounts. The Committee is also responsible for monitoring and ensuring the quality of the company’s sustainability reporting. In matters relating to the external audit, the Risk and Audit Committee is, notwithstanding the Board’s other responsibilities and duties, to regularly meet with and review reports from the Company’s external auditors in order to remain informed about the focus and scope of the audit and to discuss the coordination of the external and internal audit with the external auditor. The Risk and Audit Committee is to inform the Board about audit results, the manner in which the audit contributed to the reliability of financial reporting, and the role played by the Committee in the process. The Committee is to also remain informed about the Swedish Inspectorate of Auditors’ quality control of the Company’s external auditors and is responsible for the auditors’ independence and impartiality and the selection procedure ahead of the choice of auditor. The Committee is required to meet at least four times per financial year.
The Risk and Audit Committee has at least three members appointed by the Board on an annual basis. One member is elected Committee Chairman. The Chairman may not be the Board Chairman of Hoist Finance. The committee consists of Christopher Rees (chair), Bengt Edholm, Camilla Philipson Watz and Viveka Strangert.
Remuneration Committee
The Remuneration Committee’s primary task is to prepare the Board to make decisions on remuneration policies, remuneration and other terms of employment for Executive Management Team members and employees responsible for control functions. The Committee is to monitor and evaluate variable remuneration programmes for the Executive Management Team (both ongoing and those completed during the year), as well as the application of the remuneration guidelines for senior executives resolved by the AGM and the Group’s remuneration structure and remuneration levels.
The Remuneration Committee is to have at least two members appointed by the Board on an annual basis. The Remuneration Committee meets at least twice per financial year. The committee consists of Bengt Edholm (chair) and Peter Zonabend.
Investment & Credit Committee
The Investment & Credit Committee is a preparatory and decision-making committee. Its responsibilities include evaluating and approving standard portfolio acquisitions valued at EUR 60 million or more and portfolio acquisitions not considered to be standard and valued at EUR 25 million or more.
The Investment & Credit Committee is to have at least three members appointed by the Board on an annual basis. The Committee meets at least four times per financial year and whenever a Committee decision or recommendation is required as per the company’s Investment Instruction or Credit Instruction. The committee consists of Christopher Rees (chair), Rickard Westlund and Peter Zonabend.