1. Purpose and objects 1.1 The Supervisory Board of DSV A/S (“Company”) has established an Audit Com- mittee in accordance with the Recommendations on Corporate Governance and the Danish Act on Approved Auditors and Audit Firms. 1.2 The Audit Committee is a Board committee established for the sole purpose of preparing decisions to be made by all members of the Board of Directors in order for the Board to work more efficiently and increase the quality of its work. The existence of the Audit Committee does not alter the role of the Board of Directors as the ultimate decision-making body. 1.3 It is the Audit Committee’s responsibility to review, analyse and monitor any issues within the scope of these Rules of Procedure. To perform these duties, the Audit Committee is authorised to obtain any necessary information from the Executive Board and staff, who are obliged to cooperate with the Audit Commit- tee and answer all questions from the Committee of relevance to the Commit- tee’s work. 1.4 The Audit Committee will not assume any duties or responsibilities that rest with the Executive Board or the Board of Directors pursuant to the Danish Companies Act, Danish Financial Statements Act, EU audit regulations and other relevant legislation and rules. Accordingly, in its role as a monitoring body the Audit Committee must therefore primarily focus on the safeguarding of well-function- ing processes and procedures in relation to financial and sustainability reporting and financial risk management, internal control systems, etc. 1.5 The Audit Committee may also obtain advice, guidance and support from exter- nal advisors/specialists when deemed necessary or appropriate in the perfor- mance of its duties. 2. Duties 2.1 In accordance with paragraph 4.3 of the Rules of Procedure for the Board of Directors of the Company, the principal duties of the Audit Committee are: x To monitor and support the Board of Directors in supervising that the statutory audit gives a true and fair view (i) of the published financial information, including accounting policies in material areas, significant Page 3 of 10
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