Solar considers that The Committee on Corporate Governance in Denmark’s May 2013 recommendations (updated November 2014) are, in general, a valuable tool for exercising sound management, good transparency for shareholders and other stakeholders, and efficient risk management. Overall, Solar therefore complies with the recommendations wherever they are relevant to the company.
Based on the Audit cCmmittee’s recommendation, the Board of Directors, having consulted the Executive Board, will elect an auditor. The Executive Board informs the Board of Directors if an agreement is made with the auditor for material non-auditing services. Moreover, the auditor reports on any non-accounting services in the letter of recommendation on an ongoing basis.