Menu
boilers-2.jpg

Board Committees

The members of the Audit Committee are Lilian Fossum Biner (Chair), Magdi BatatoRichard Burrows and Henrik Poulsen. All members but Richard Burrows qualify as being independent of the Company as defined in the Danish Corporate Governance Recommendations and the Committee has the relevant financial expertise and necessary experience of the Company’s sector.

The Audit Committee is appointed for one year at a time and works according to Terms of Reference and a detailed annual meeting plan, which are reviewed and approved by the Supervisory Board prior to the beginning of each financial year.

The specific activities and key focus points of the Committee in a given year are described in the corporate governance section of the relevant Annual Report.

Auditing

To safeguard the interests of shareholders and the general public, an independent auditor is appointed at the Annual General Meeting following a proposal from the Supervisory Board, which is based on a recommendation from the Audit Committee.

 

The members of the Nomination Committee are Flemming Besenbacher (Chair), Carl Bache, Richard BurrowsLars Fruergaard Jørgensen and Henrik Poulsen. Lars Fruergaard Jørgensen and Henrik Poulsen qualify as being independent of the Company as defined in the Danish Corporate Governance Recommendations.

The Nomination Committee works according to Terms of Reference, which are reviewed and approved annually by the Supervisory Board.

The specific activities and key focus points of the Committee in a given year are described in the corporate governance section of the relevant Annual Report.

The members of the Remuneration Committee are Richard Burrows (Chair), Magdi Batato, Søren-Peter Fuchs Olesen and Henrik Poulsen. Magdi Batato and Henrik Poulsen qualify as being independent of the Company as defined in the Danish Corporate Governance Recommendations.

The Remuneration Committee is responsible for the Remuneration Policy (including the general guidelines for incentive programmes) for all members of the Supervisory Board and the Executive Board, for recommending proposals on changes to the Remuneration Policy, and for obtaining the approval of the Supervisory Board prior to seeking shareholders’ approval at the Annual General Meeting.

The Committee is responsible for making proposals to the Supervisory Board on the actual structure and content of the remuneration packages of the members of the Supervisory Board and the Executive Board, in accordance with the policy approved by the shareholders.

The Committee monitors and advises the Supervisory Board on any major changes to the policy on senior employee remuneration structures for the Group, including for the Executive Committee. The Remuneration Committee works according to Terms of Reference, which are reviewed and approved annually by the Supervisory Board.

The specific activities and key focus points of the Committee in a given year are further described in the remuneration report section of the relevant Annual Report.

Want to Learn More?

Click below to explore further