The Board Committees

The Committee prepares matters relating to credits and credit decisions that are of fundamental or otherwise significant importance to SEK. Additionally, the Committee must, in other cases, make credit decisions without any particular restriction concerning credit exposure and credit rating. At the request of the Board, the Committee has issued a Credit Instruction, which has been reported to the Board. The meetings of the Credit Committee are reported by the Committee’s Chairman at the next Board meeting. The Board also receives the minutes from the meetings.

The Finance and Risk Committee acts as the Board’s preparatory group by preparing matters pertaining to general policies, strategies and risk appetite in all risk and capital-related issues. Other duties of the Committee include (i) resolving certain limits for risk and capital-related matters, (ii) ensuring that equity, regulatory requirements and credit ratings are handled in such a manner that supports our business strategy, profitability and financial strength, and (iii) following up on how previously made decisions regarding general risks, strategies and limits have been adhered to.

At the request of the Board, the Committee has issued a Finance Instruction, which has been reported to the Board. The meetings of the Finance and Risk Committee are reported by the Committee’s Chairman at the next Board meeting. The Board also receives the minutes from the meetings.

The Remuneration Committee prepares matters relating to salaries and other benefits for executive management, and general policy issues relating to salaries and other benefits. The Committee decides on salary and benefits for executive management (with the exception of the CEO). The Board of Directors has established a remuneration policy as an instruction for the Remuneration Committee. The minutes of the meetings of the Committee are submitted to the Board and reviewed at the Board meeting.

The Audit Committee is a preparatory body for the Board’s work to assure the quality of the company’s financial reporting and to keep itself informed about how the company’s policies for internal control are complied with. The meetings of the Audit Committee are reported by the Committee’s Chairman at the next Board meeting. The Board also receives the minutes from the meetings.