The function of the Audit and Risk Committee is to assist the Board of Directors by reviewing information within the areas of responsibility of the Audit and Risk Committee, including, but not limited to, financial accounting, capital and liquidity planning, financial reporting, systems of internal control and risk management, external audit of the annual report, tax exposure, identification and reporting of risks such as liquidity, accounting and strategic risks, Nordic Solar’s whistleblower scheme and reporting on any whistleblower cases to the Board of Directors as well as any other activities delegated to the Audit and Risk Committee by the Board of Directors.
The Audit and Risk Committee must meet as often as is deemed appropriate and necessary and at least prior to the publication of an external financial report. In addition, the Audit and Risk Committee plans to meet with Nordic Solar’s external auditor at least once a year.
The majority of the members of the Audit and Risk Committee are to be considered independent as defined in the Danish Corporate Governance Recommendations applicable from time to time.
As of 30 September, the Audit and Risk Committee consists of: