Audit Committee

The Association shall have an audit committee. The Board of Directors decides whether the entire Board shall serve as audit committee, or whether the committee shall be elected by and from the members of the Board of Directors. Members of the Board of Directors who are executives of the Association can not be elected as members of the audit committee.

The audit committee shall in total have such competence as is required to carry out its duties based on the Assocation's organisation and operations. At least one of the members of the audit committee shall be independent from the Association and have qualifications in accounting or audit.