Kid has established an Audit Committee, elected by the Board of Directors.
The Audit Committee consist of 2-3 members. The members of the Audit Committee are independent of the management team of Kid.
The current Audit Committee is composed as follows:
Karin Bing Orgland (leader)
- Espen Gundersen
The audit committee is a preparatory and advisory committee for the Board.
Pursuant to section 6-43 of the Norwegian Public Limited Companies Act, the audit committee shall:
- Prepare the Board of Directors' supervision of Kid’s financial reporting process
- Monitor the systems for internal control and risk management
- have continuous contact with Kid's auditor regarding the audit of the annual accounts
- Review and monitor the independence of Kid's auditor. This includes in particular the extent to which services provided by the auditor or the audit firm represent a threat to the independence of the auditor.
Kid has a Nomination committee in accordance with the Articles of Association. The Nomination Committee shall be independent of Kid's Board and Management, and its composition shall ensure the shareholder’s interests.
The current Nomination Committee is composed as follows: