Audit

Auditors are elected by the AGM. At the AGM 2015, a provision in Articles of Incorporation were altered: the auditor’s term of office is now for a year and there is no option for an alternate auditor.

At the AGM 2017, like the AGM 2016, Ernst & Young Aktiebolag were elected as auditors with Johan Thuresson as auditor in charge for the period until the end of the next AGM. Thuresson (born 1964) has been an Authorized Public Accountant since 1995. At the same AGM, shareholders representing approximately 10.2 percent of the shares in the company, proposed that a minority auditor should be appointed by the Swedish Companies Registration Office, to participate in the audit together with the company’s auditor for the period until the next AGM. Swedish Companies Registration Office has subsequently appointed a minority auditor, Grant Thornton Sweden AB with Stefan Hultstrand as auditor in charge. Hultstrand (born 1955) has been an Authorized Public Accountant since 1995.

At the AGM 2017, shareholders representing approximately 10.2 percent of the shares in the company, also proposed that a special examiner should be appointed by the Swedish Companies Registration Office, with specified examining areas, for instance the management and accounting of Axis and the Axis Group regarding the financial year 2016, until the day of the AGM. For a more explicit description of the auditing areas, see the communiqué from the AGM 2017.

The proposal was supported by shareholders representing more than one tenth of all the shares in the company, which means that shareholders may apply for the appointment of a special examiner by the Swedish Companies Registration Office.