Corporate Governance

Carlsberg’s Board of Directors and Executive Board strive constantly to ensure that the Group’s management structure and control systems are appropriate and working satisfactorily.

A series of internal procedures have been developed and are regularly updated in order to ensure active, reliable and profitable business management.

With only a few exceptions, the Group’s corporate governance complies with NASDAQ OMX Copenhagen A/S’s recommendations for good corporate governance. The exceptions are presented on page 51. The basis of the Group’s corporate governance includes the Danish Companies Act, the Danish Financial Statements Act, IFRS, the Danish Securities Trading Act, NASDAQ OMX Copenhagen A/S’s rules and recommendations for issuers, the Company’s Articles of Association, and values and good practice for companies similar to Carlsberg in terms of size and global reach.