Board Committees

Audit committee

The primary task of the Audit Committee is to support the Board in its work of fulfilling its financial reporting responsibilities including accounting, audits, internal control, internal audits and risk management. The Audit Committee also routinely ensures contact with the company’s auditor and stays informed and active in decisions concerning financial issues, risks, the company’s annual report and internal control. The Audit Committee is also responsible for reviewing and evaluating the auditor’s work. The Audit Committee works in accordance with instructions established by the Board of Directors. All meetings of the Audit Committee are minuted and the minutes are reported in connection with the meetings of the Board.

Audit Committee members, 2020–2021

  • Ivar Verner (Chairman)
  • Mikael Smedeby (member)
  • Eugen Steiner (member)

Remuneration committee

The primary task of the Remuneration Committee is to submit proposals to the Board regarding remuneration to the CEO and principles of remuneration and other conditions of employment for management as well as monitoring and evaluating variable remuneration and long-term incentive programs. The Audit Committee works in accordance with a formal work plan established by the Board of Directors. All meetings of the Audit Committee are minuted and the minutes are reported to the Board.

Remuneration Committee members, 2020–2021

  • Wenche Rolfsen (Chairman)
  • Hans Ekelund (member)
  • Eugen Steiner (member)

Research committee

BioArctic’s operations have a strong scientific focus with drug projects in both early and late phases. Accordingly, the company also has a Research Committee that focuses on addressing scientific issues. The Research Committee works according to rules of procedure adopted by the Board and has an advisory capacity in relation to the Board and the CEO. The Research Committee has one ordinary member and the Chief Scientific Officer (CSO) as a co-opted member. In addition, internal and external researchers can take part depending on the area being discussed. The role of the Research Committee is primarily to identify and evaluate research areas and disease indications where BioArctic can develop commercially successful products. All meetings of the Research Committee are minuted and reported at Board meetings.

Research Committee members, 2020–2021

  • Lars Lannfelt, Senior Vice President University Collaborations (Chairman)