Top Navigation SKF Group English Main navigation THIS IS SKF FINANCIAL INFORMATION THE SHARE GOVERNANCE CONTACTS The Board has established the following Board committees Remuneration Committee The Board of Directors has established a Remuneration Committee. The Committee consists of a maximum of four Board members. The Remuneration Committee prepares all matters relating to the principles of remuneration for Group Management, as well as the terms of employment for the President. The principles of remuneration for Group Management are presented by the Remuneration Committee to the Board of Directors that, at least every fourth year, submits a proposal for such principles to the Annual General Meeting for approval. The principles of remuneration shall be valid until new principles have been adopted by the Annual General Meeting. The Board of Directors must approve the terms of employment for the President. The Remuneration Committee shall also monitor and evaluate programmes for variable remuneration for Group Management, the application of the principles of remuneration for Group Management and applicable remuneration structures and levels of the SKF Group. The Remuneration Committee shall prepare the remuneration report which shall be resolved by the Board of Directors and submitted to the Annual General Meeting for approval. The members of the Remuneration Committee are independent of the SKF Group and Group Management. The President and other members of Group Management shall not be present when the Board of Directors process and resolve on remuneration related matters in so far as they are affected by such matters. The Remuneration Committee consists of the Chairman of the Board Hans Stråberg as Chairman, and the Board members Håkan Buskhe and Colleen Repplier. Audit Committee The Board of AB SKF has in accordance with the principles of the Swedish Companies Act and the Code appointed an Audit Committee. The Audit Committee consists of Håkan Buskhe, as Chairman, the Chairman of the Board, Hans Stråberg and the Board member Geert Follens. The tasks of the Audit Committee include i.a. preparations in relation to the nomination of external auditors, review of the scope of the external audit, evaluation of the performance of the external auditors, review and control of the financial reporting, and of the internal control, internal audit and risk management regarding the financial reporting. ORGANISATION About SKF Sustainability Brand protection Supplier portal CAREER Find a job Graduates Students Professions Why work at SKF? NEWS AND MEDIA News and events Press contacts Magazines INVESTORS SKF as an investment Reports and presentations Press releases Calendar Subscribe FAQ IR contacts IR policy SOCIAL Facebook YouTube LinkedIn Twitter Instagram Footer menu Copyright Terms and conditions Privacy policy Site ownership Cookies General conditions