NetEnt | Better Gaming

Board Committees

Audit Committee

The Audit Committee is responsible for monitoring and quality assurance of the Company’s financial reporting. In terms of financial reporting, the Audit Committee monitors the efficiency of the Company’s internal controls and risk management. The Committee keeps itself informed of the audit of interim reports, the annual financial statements and the consolidated financial statements, reviews and monitors the auditor’s impartiality and independence, and pays particular attention if the auditor provides the Company with services other than audit services.

The Committee is also responsible for the Board’s ongoing communication with the Company’s auditors, establishing guidelines for which services may be procured by the auditors in addition to the audit, evaluation of the audit process, advising the Nominating Committee when preparing auditor proposals, and audit fees. In addition, the Committee has: established an annual plan for its work and an updated risk analysis for the business with a special focus on financial reporting and the link to internal controls; approved the auditor’s audit plan; read and evaluated the auditor’s review; evaluated the internal controls and the process improvement work performed by the Company in that regard; and considered the Finance policy, the Financial handbook and other policies, and accounting issues.

During the year, particular attention was paid to intra-Group pricing, the current appeal of the decision from the tax audit regarding the 2007–2010 financial years, the risk management procedure and audit procurement for election at the AGM 2015, as well as reporting and follow-up of the IT audit. The Audit Committee met five times in 2014. All of the meetings were attended by the auditor.

Remuneration Committee

The Remuneration Committee is responsible for matters regarding remuneration and benefits for senior executives, including those of the CEO, and matters of principle for all senior executives. The Board of Directors establishes guidelines for senior executive remuneration that are presented to and approved by the AGM. The guidelines for senior executive remuneration are monitored and evaluated annually, including variable remuneration programs for the Company management that are in progress and that ended during the year.

The current remuneration policy is appended to the AGM minutes, available on the website. The Remuneration Committee consists of all seven members of the Board of Directors. The Chairman of the Board of Directors is the chair of the Committee. All members were independent in relation to the Company except for Pontus Lindwall as he is the chairman of the board of Betsson AB, a customer and the former parent company of NetEnt. Pontus Lindwall did however not participate in any decisions in which he could be considered biased. The Remuneration Committee met once in 2014, with all members present.