Audit Committee

LapWall's Board of Directors elected Elina Rahkonen (Chairperson) and Eero Poukkula as members of the Audit Committee in its organizing meeting held after the AGM on 12 March 2024. The term of office of the Audit Committee is one year. The term ends at the close of the next AGM. The Audit Committee will convene regularly at least four times a year.

The duties of the Audit Committee in accordance with its rules of procedure are:

• monitor the Company’s financial reporting process
• supervise the Company’s financial reporting process
• monitor and assess the effectiveness of internal control, possible internal audit, and risk management systems
• discuss the description of the main features of the internal control and risk management systems related to the Company's financial reporting process
• monitor the statutory audit of the financial statements
• assess the independence of the statutory auditor or auditing firm and, in particular, the provision of ancillary services to the Company
• prepare a proposal for a resolution regarding the election of the auditor.
• In addition to the above-mentioned tasks, the Audit Committee may have other tasks appropriate to fulfill the Audit Committee’s task.

The Audit Committee shall comply with the legislation and regulations in force (including Nasdaq Helsinki Ltd's rules and Corporate Governance Code).

Download the Audit Committee’s Rules of Procedure here.