Board Committees

Members 2025/2026

• Johan Molin (Chairman of the Committee)
• Helena Stjernholm
• Kai Wärn

Tasks and work during 2025

The tasks of the Remuneration Committee are, among others, those prescribed by the Code, which include preparing the proposal for guidelines for remuneration of senior executives. The Committee also prepares the remuneration report as well as the proposal for the long-term incentive program for senior executives.

The Remuneration Committee decides on the remuneration to be paid to the Group Executive Management. Based on the recommendations of the Remuneration Committee, the Board decides the remuneration and terms of employment for the President.

For guidelines, remuneration and other benefits payable to the Group Executive Management, refer to the Guidelines for the remuneration of senior executives and note G4.

In 2025, the Remuneration Committee held three meetings.

Members 2025/2026

• Claes Boustedt (Chairman of the Committee)
• Johan Molin
• Helena Stjernholm

Tasks and work during 2025

Areas addressed by the Audit Committee mainly related to:

• Sustainability and financial reporting: monitoring the reporting process and ensuring the accuracy and reliability of reported information. In respect of the sustainability reporting, monitoring the Group’s double materiality assessment
• Internal control and internal audit: monitoring the effectiveness of the internal control environment and the work of Internal Audit
• Internal and external audit: planning, scope and follow-up of the audit activities throughout the year
• Auditor appointment: assisting the Nomination Committee with the proposal for the external auditor
• Auditor independence: monitoring the external auditor’s independence and objectivity, including reviewing the extent of non-audit services provided
• Corporate risk management: overseeing the Group’s processes for managing overall corporate risks, as well as specific risk areas such as legal disputes, compliance, corporate investigations, IT security, accounting procedures, taxation, treasury, finance operations, insurance coverage and pension issues
• Compliance framework: reviewing the development and effectiveness of compliance processes, with a particular focus on the operational stability of the compliance program
• Code of Conduct and Speak Up: monitoring the Sandvik Code of Conduct and the global whistleblowing system, and reviewing selected Speak Up cases as well as the overall effectiveness of the system

The Audit Committee held five meetings during the year. The Sandvik external auditor, together with representatives of the company’s management, participated in these meetings.

Members 2025/2026

• Johan Molin (Chairman of the Committee)
• Claes Boustedt
• Helena Stjernholm

Tasks and work during 2025

The purpose of the Committee is to prepare matters relating to major or strategically important acquisitions and divestitures for Board decisions. The Committee meets on an ad hoc basis, at the request of the President and CEO in consultation with the Chairman of the Board.

The Acquisitions and Divestitures Committee held three meetings during the year.