After the end of each financial year, the auditor is required to submit an audit report to the Annual General Meeting. The appointment and remuneration of auditors is based on the AGM’s resolutions on proposals submitted by the Nominating Committee.
At the 2009 AGM, the auditing firm, Deloitte, was appointed as the company’s auditors with the authorised public accountant Svante Forsberg as chief auditor for the period up to the 2013 AGM.
In addition to Fabege, Svante Forsberg has audit assignment for the following major companies: Alliance Oil, Anticimex, Black Earth Farming, Cinnober, Diligentia, Skandia Liv and Swedbank. He has no other assignments for companies that are closely related to Fabege’s major owners or the CEO. In addition to its assignment as Fabege’s appointed auditors, Deloitte has performed audit-related assignments relating primarily to tax and accounting issues.
The auditors reported their observations and simultaneously presented their views on the quality of internal controls in Fabege at the Board meeting in February 2012. The auditors have participated in and presented reports at all meetings of the Audit Committee (four in 2011). Reports were also presented to management in 2011.
Fees and compensation to auditors, per 31 December 2011
| - audit assignment
| - other auditing activities
| - tax advisory services
| - other services