To safeguard the interests of shareholders and the general public, an independent auditor is appointed at the Annual General Meeting following a recommendation from the Supervisory Board. Before making its recommendation, the Supervisory Board undertakes a critical evaluation of the auditor’s independence, competence etc.
The auditor reports any significant findings regarding accounting matters and any significant internal control deficiencies to the Supervisory Board via the Audit Committee and through its written long-form audit reports to the Supervisory Board, which are issued at least twice a year.