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Our management


We have a diverse senior management group made up of people with international backgrounds and solid leadership experience, and they draw on expertise from a wide range of industries in the markets where Danske Bank operates.

Chris Vogelzang

CEO and interim COO

See CV

Jacob Aarup-Andersen

CFO

See CV

Berit Behring

Head of Wealth Management

See CV

Carsten Rasch Egeriis

Head of Group Risk Management

See CV

Jakob Groot

Head of Corporates & Institutions

See CV

Glenn Söderholm

Head of Banking DK (interim) and Head of Banking Nordic

See CV

Philippe Vollot

Chief Compliance Officer

See CV

Duties and positions 

The Board of Directors have approved the listed duties and positions under section 80(1) of the Danish Financial Business Act.
  • 13. nov 2018Duties and positions approved by the Board of Directors - being updated

Remuneration

Our Remuneration Policy reflects the objectives of good corporate governance and sustained, long-term value creation for shareholders. In our remuneration report, we describe the principles for remuneration at Danske Bank and disclose variable, performance-based compensation for material risk takers. The full remuneration of the members of the Executive Leadership Team depends on Danske Bank's performance, while the Board of Directors' remuneration is fixed. 

  • 14. mar 2019Remuneration Report 2018
  • 09. maj 2019Remuneration Policy
  • 14. mar 2019Remuneration of management and material risk takers 2018 note 34
  • 18. mar 2019Guidelines for performance-based pay 2019

Karsten Dybvad

Chairman

See CV

Elected by the Extraordinary General Meeting in 2018.
Chairman of the Remuneration Committee and the Conduct & Compliance Committee. Member of the Nomination and Risk Committees.

Jan Thorsgaard Nielsen

Vice Chairman

See CV
Elected by the Extraordinary General Meeting in 2018.
Member of the Audit Committee and Conduct & Compliance Committee.

Carol Sergeant

Vice Chairman

See CV
Elected by the AGM in 2013. Chairman of the Risk Committee. Member of the Conduct & Compliance Committee. 

Lars-Erik Brenøe

Board member

See CV
Elected by the AGM in 2016. Chairman of the Nomination Committee. Member of the Remuneration committee. 

Bente Avnung Landsnes

Board member

See CV
Elected by the AGM in 2019. Member of the Remuneration Committee and the Audit Committee.

Jens Due Olsen

Board member

See CV

Elected by the AGM in 2018.
Chairman of the Audit Committee. 

Christian Sagild

Board member

See CV
Elected by the AGM in 2019. Member of the Audit Committee and the Risk Committee. 

Gerrit Zalm

Board member

See CV
Elected by the AGM in 2019. Member of the Nomination Committee and the Risk Committee.

Bente Bang

Board  member

See CV

Elected by the employees in 2018.

Kirsten Ebbe Brich

Board member

See CV
Elected by the employees in 2014. Member of the Conduct & Compliance Committee. 

Thorbjørn Lundholm Dahl

Board member

See CV
Elected by the employees in 2018.

Charlotte Hoffmann

Board member

See CV
Elected by the employees in 2006. Member of the Remuneration Committee.

Committees

The Board of Directors has set up five committees to supervise specific areas and prepare cases for consideration by the entire Board. 
  • Audit Committee

    The Audit Committee operates as a preparatory committee for the Board of Directors with respect to Danske Bank’s accounting and auditing matters, including related risk matters. This also includes issues that the Board, the Committee itself, the Chief Audit Executive or the external auditor believe require preparatory work before being brought to the entire Board.

    Members:

    • Jens Due Olsen (chairman)
    • Bente Avnung Landsnes
    • Jan Thorsgaard Nielsen
    • Christian Sagild

    Read the committee's charter

    Activities and meetings attended in 2018

  • Conduct & Compliance Committee

    The Conduct & Compliance Committee operates as a preparatory committee for the Board of Directors with respect to conduct and reputational risk, compliance and financial crime prevention, and other matters which the Board of Directors may want to have examined by the Conduct & Compliance Committee.

    Members:

    • Karsten Dybvad (chairman)
    • Kirsten Ebbe Brich
    • Jan Thorsgaard Nielsen
    • Carol Sergeant

    Read the committee's charter

  • Nomination Committee

    The Nomination Committee operates as a preparatory committee for the Board of Directors with respect to the nomination and appointment of candidates to the Board of Directors and to the Executive Leadership Team and evaluation of the work and performance of the Executive Leadership Team and the Board of Directors including individual evaluation of each member of the Board of Directors. 
    The committee also submits proposals to the Board of Directors on policies for succession planning as well as diversity and inclusion.

    Members:

    • Lars-Erik Brenøe (chairman)
    • Karsten Dybvad
    • Gerrit Zalm

    Read the committee's charter

    Activities and meetings attended in 2018

  • Remuneration Committee

    The Remuneration Committee operates as a preparatory committee for the Board of Directors with respect to matters concerning remuneration, with focus on the remuneration of members of the Board of Directors, the Executive Leadership Team, material risk takers, key employees and executives in charge of control and internal audit functions, and on incentive programmes. The Remuneration Committee monitors trends in the Group's salary and bonus policies and practices. It monitors the incentive programmes to ensure that they promote ongoing, long-term shareholder value creation as well as compliance with the Remuneration Policy. 

    Members:

    • Karsten Dybvad (chairman)
    • Lars Erik-Brenøe 
    • Bente Avnung Landsnes
    • Charlotte Hoffmann

    Read the committee's charter

    Meetings attended in 2018

  • Risk Committee

    The Risk Committee operates as a preparatory committee for the Board of Directors with respect to Danske Bank’s risk management and related matters. The committee advises the Board of Directors on Danske Bank’s risk profile, risk culture, risk appetite, risk strategy and risk management framework.

    Members:

    • Carol Sergeant (chairman)
    • Karsten Dybvad
    • Christian Sagild
    • Gerrit Zalm

    Risk Committee charter

    Activities and meetings attended in 2018

Board of Directors 2018 meetings 

The Board of Directors met 23 times in 2018

 Members

Meetings attended in 2018

Karsten Dybvad1/1 (joined as chairman in December 2018) 
Jan Thorsgaard  Nielsen1/1 (joined as vice chairman in December 2018) 
Carol Sergeant 23/23 (vice chairman from March 2018) 
Ingrid Bonde 18/20 (joined the Board of Directors in March 2018) 
Lars-Erik Brenøe 23/23 
Jens Due Olsen 19/20 (joined the Board of Directors in March 2018) 
Rolv Erik Ryssdal 20/23 
Hilde Tonne 22/23 
Bente Bang 20/20 (joined the Board of Directors in March 2018) 
Kirsten Ebbe Brich 21/23 
Thorbjørn Lundholm Dahl 20/20 (joined the Board of Directors in March 2018) 
Charlotte Hoffmann 22/23 
Ole Andersen 21*/22 (left as chairman in December 2018) 
Urban Bäckström 3/3 (left as vice chairman in March 2018) 
Jørn P. Jensen 18/22 (left the Board of Directors in December 2018) 
Martin Tivéus1/3 (left the Board of Directors in March 2018) 
Dorte Annette Bielefeldt 3/3 (left the Board of Directors in March 2018) 
Carsten Eilertsen 2/3 (left the Board of Directors in March 2018) 

* At the constitution meeting after the Annual General Meeting, Ole Andersen had press interviews.

Nomination and election of the Board of Directors

Members elected by the general meeting
Members elected by the employees
Members elected by the general meeting

Board of Directors elected by the general meeting are elected for one-year terms but may be re-elected several times. Directors must resign at the first annual general meeting held after they have attained the age of 70, at the latest.

The Nomination Committee considers and recommends candidates for nomination to the Board proposed by shareholders, members of the Executive Leadership Team, the Board of Directors and others.

Shareholders may propose other candidates by submitting a proposal for inclusion on the agenda or by proposing a candidate at the general meeting.

Members elected by the employees

Employee representatives have the same rights, duties and responsibilities as the other board members. They come from various areas and functions at Danske Bank, and they can help to foster an atmosphere of trust between staff and management.

All employees working in Denmark, except members of the Executive Leadership Team, are eligible to serve as employee representatives.

The collective labour agreement to which Danske Bank subject in Denmark gives employee representatives special protection against dismissal from their positions.

According to Danish law, employee representatives serve on a company board of directors for four-year terms and are elected separately by company employees.

General meeting

Danske Bank's annual general meeting took place on 18 March 2019.
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Corporate Governance

We work continually to improve our corporate governance and implement best practices.
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