Control and auditing
The Board has overall responsibility for the Company’s internal control systems, in order to guarantee the security of the stockholders’ investments and the Group’s assets, to ensure that suitable accounting documents are created, and to ensure that the financial information used within operations and for publication is reliable.The system is designed to ensure efficiency in operations and compliance with laws and regulations.Systems for internal control, however, cannot provide any absolute guarantee against deviations or losses.
The Company has a range of methods designed to continually monitor and check those risks that are associated with attaining the Company’s goals.The Board assists management in identifying and evaluating the largest risks associated with the Group’s operations.
External auditors are appointed at the annual general meeting for a period of four years.Öhrlings PricewaterhouseCoopers has been assigned the role of auditors until the 2008 annual general meeting. The firm is represented at Intoi by Leonard Daun and Lars Kylberg.
Swedish Code of Corporate Governance
The Board has started work with a transition to the Swedish Code of Corporate Governance.This transition means that internal procedures, the Board’s work, and the changes stipulated by the code for the implementation of annual general meetings will be introduced during 2005 while a report on corporate governance will first be issued in 2006 due to the Company’s size.
