Committees

The Board’s Remuneration Committee, consisting of three Board members including the Chairman of the Board of Directors, who also serves as the Chairman of the Remuneration Committee, addresses and prepares remuneration issues relating to senior executives.nnThe Remuneration Committee prepares and drafts proposed resolutions relating to remuneration and terms and conditions of employment for the Group Chief Executive Officer, which are presented to the Board for approval. The Board evaluates the Group Chief Executive Officer’s work on an annual basis.nnThe CEO approves the remuneration and terms and conditions of employment of other senior executives on the basis of the principles for remuneration of senior executives adopted at the Annual General Meeting.nnThe Remuneration Committee’s tasks also include preparing the Board of Directors’ decision to propose guidelines for remuneration of senior executives. The Board shall prepare a proposal for new guidelines at least every fourth year and submit it to the annual general meeting. These guidelines shall be in force until new guidelines are adopted by the general meeting. The Remuneration Committee shall also monitor and evaluate programs for variable remuneration as well as the current remuneration structures and compensation levels in Sivers Semiconductors. The Group Chief Executive Officer and other senior executives do not participate in the Board of Directors’ processing of and resolutions regarding remuneration-related matters in so far as they are affected by such matters.

The Investment Committee of Sivers Semiconductors is a preparatory organ within the Board with the main duties to: search for and evaluate potential investment opportunities for Sivers Semiconductors regarding investments in for example: companies and businesses; machinery and other manufacturing equipment; and intellectual property rights and other intangible assets; monitor and evaluate ongoing investment processes; and evaluate previous investments carried out by Sivers Semiconductors.

The Audit Committee is a preparatory organ within the Board of Sivers Semiconductors. The Audit Committee shall ensure compliance with the Board’s monitoring responsibility pertaining to satisfactory control of risk handling, audits and financial reporting. The Audit Committee shall thereby in particular contribute to sound financial reporting and the maintaining of the market’s trust in Sivers Semiconductors. The Audit Committee shall furthermore ensure qualified, efficient and independent external audits of Sivers Semiconductors and that good communication is maintained between the Board and the external auditor(s).

For contact with the Nomination Committee, please use the email address below.