Internal control and auditing
Swedbank sees good corporate governance, good risk management and internal control as key elements in a successful business and a prerequisite to maintain trust among customers, shareholders, authorities and other stakeholders.
Internal audit
Internal audit, which is directly subordinate to the Board, reviews and evaluates effectiveness, governance, risk management and control in the Group. Internal audit is a function independent of the Group Executive Committee, who also works proactively to suggest improvements to internal control. Reviews are summarised quarterly in reports to the Board, the Audit Committee, the CEO and the external auditor. All auditing activities in the Group are coordinated i.e. reviews are planned, implemented and reported using the same approaches and methods.
External audits
Swedbank’s auditors are chosen by the AGM. Since the 2003 AGM, Deloitte AB is the appointed auditor. Svante Forsberg is in charge of auditing duties for Swedbank since 2010. The Swedish Financial Supervisory Authority, under whose jurisdiction Swedbank lies, has the right to appoint an auditor, which has not been done for 2012.
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| CV of Svante Forsberg |
Aside from Swedbank, Svante Forsberg has auditing assignments for primarily the following companies: Alliance Oil, Black Earth Farming, Fabege, Lannebo Fonder, Max Matthiessen and Skandia Liv. He has no assignments for other companies that affect his independence as an auditor of Swedbank.
Remuneration to auditors
| Remuneration to auditors elected by the AGM, Deloitte AB | 2012 | 2011 |
|---|---|---|
| Statutory audit | 36 | 32 |
| Other audit | 9 | 10 |
| Remuneration to others | ||
| Statutory audit | 1 | 1 |
| Other | 3 | |
| Total | 49 | 43 |
| Internal Audit | 58 | 62 |
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