Audit & Sustainability Committee

The Audit & Sustainability Committee’s assignments are stipulated in Chapter 8, Section 49b of the Swedish Companies Act and Rule 7.2 of the Code. These tasks include monitoring the Company’s financial reporting and the efficiency of the Company’s internal controls, as well as maintaining frequent contacts with the external auditors. The Audit & Sustainability Committee’s work primarily focuses on the quality and accuracy of the Group’s financial accounting and the accompanying reporting, in particular as it relates to the assessed valuations of Kinnevik’s unlisted investments, as well as the internal financial controls within the Group. Furthermore, the Audit & Sustainability Committee evaluates the Auditor’s work, qualifications and independence. The Audit & Sustainability Committee monitors the development of relevant accounting policies and requirements, discusses other significant issues connected with the Company’s financial reporting and reports its observations to the Board. The Committee also assists the Board in monitoring the governance structures of Kinnevik’s investee companies, Kinnevik’s risk management process and compliance with laws, regulations, codes of conduct and sustainability, including Kinnevik’s sustainability framework and efforts. The Audit & Sustainability Committee shall meet not less than four times annually, and typically meets ten times per year. Minutes are kept at the Audit & Sustainability Committee’s meetings and are reported to the Board at its next meeting.