The Finance Committee is primarily responsible for:

• handling matters regarding acquisitions and divestments;
• capital contributions to companies inside and outside the Ericsson Group;
• raising of loans, issuances of guarantees and similar undertakings and approvals of financing support to customers; and
• continually monitoring the group’s financial risk exposure.

The Finance Committee consists of four members appointed by the Board from among its members.

Current members are: Marcus Wallenberg, Chairman of the Committee,  Anders Nyrén, Michael Treschow and Anna Guldstrand.

The Finance Committee held 13 meetings in 2008 – for attendance, see “Directors’ Attendance 2008”.

The Committee has devoted considerable time to the increasing uncertainty in the financial market and in view of the large exposure to the currently unstable financial sector, has executed its strategy to reduce the Company’s credit exposure by re-arranging the investment policy and procedures. During the year the Committee has also approved numerous customer finance and credit facility arrangements with a continued focus on capital structure, cash flow and cash generating ability.