Audit committee

Orexo’s Audit Committee has the main task of ensuring established principles for financial reporting, compliance to internal control and contacts with the company’s auditors. The Audit Committee presents the final version of Orexo’s interim reports and annual report to the Board for approval and publication. The Audit Committee meets prior to the publication of every interim report, in connection with budget reviews and when necessary otherwise. The aforementioned matters are prepared in the Committee and it is then the Board that makes decisions on proposals from the Audit Committee. Orexo’s auditor attends the meetings of the Audit Committee when necessary, but at least twice annually.

During 2010, Orexo’s Audit Committee was convened on five (five) occasions. Orexo’s Audit Committee consists of Håkan Åström, Staffan Lindstrand and Michael Shalmi.