In accordance with the LTG Group’s Articles of Association, the Board decides on the establishment of committees, which are advisory bodies to the Board on matters within the Board’s competence, in order to effectively carry out its functions and duties.

The following committees of the LTG has been formed:

  • Audit Committee,
  • Appointments and Remuneration Committee.

The Committee must have at least 3 members. Members of the Board and other persons who are not members of the Board may be appointed as members of the Committee. An independent member of the Board shall be appointed as the Chairperson of the Committee.

Members of the Committees are appointed and dismissed by the Board. Chairpersons of the committees are elected by the members of the committees. The Committee shall be set up and its members appointed for a period not exceeding the term of office of the Board. There is no limit to the number of terms of office of members of the Committee.

More information on the activities of the committees and their functions is provided in the LTG annual reports.