Committee meetings 2019

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

See the meeting frequency and meeting participation for each committee.

 

Audit Committee

Activities and meetings attended in 2019

The Audit Committee held 7 meetings in 2019. In 2019, The Audit Committee has been operating as a preparatory committee for the Board of Directors with respect to accounting and auditing matters, including risk matters relating thereto. The Audit Committee has reviewed and submitted recommendations to the Board of Directors regarding financial reports and assessment of the related risks, key accounting principles and procedures, internal controls, reports from both internal and external audit.

The Audit Committee held 7 meetings in 2019  
MembersMeetings attended in 2019
Jens Due Olsen (chairman)
7/7
Jan Thorsgaard Nielsen
7/7
Bente Avnung Landsnes
5/5 (joined the committee in March 2019)
Christian Sagild
5/5 (joined the committee in March 2019)
Karsten Dybvad
3
Carol Sergeant
Ingrid Bonde2/2 (left the committee in March 2019)
  

Jens Due Olsen is designated as the qualified member of the Audit Committee pursuant to section 31(1) of the Danish Act on Approved Auditors and Audit Firms.

Non-Audit Committee members Karsten Dybvad and Carol Sergeant assisted the Audit Committee at meetings and tasks in the first half of 2019.

Conduct & Compliance Committee

Activities and meetings attended in 2019

The Conduct & Compliance Committee held 9 meetings in 2019. 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.

The Conduct & Compliance Committee held 9 meetings in 2019  
MembersMeetings attended in 2019
Karsten Dybvad (chairman)
9/9
Carol Sergeant9/9                                                                                            
Jan Thorsgaard Nielsen
9/9
Kirsten Ebbe Brich
9/9
 Jens Due Olsen1
  

Non-Conduct & Compliance Committee member Jens Due Olsen assisted the Conduct & Compliance Committee at a meeting in the 2nd quarter of 2019.

Nomination Committee

Activities and meetings attended in 2019

The Nomination Committee held 6 meetings in 2019. In 2019, The Nomination Committee has been operating as a preparatory committee for the Board of Directors with respect to the nomination and appointment of candidates to the Executive Leadership Team and to the Board of Directors and evaluation of the work and performance of the Executive Leadership Team, the Board of Directors and its individual members. The Nomination committee has also submitted proposals to the Board of Directors on policies for succession planning and diversity and inclusion.

The Nomination Committee held 6 meetings in 2019 
Members Meetings attended in 2019
Lars-Erik Brenøe (chairman)
6/6
Karsten Dybvad
6/6
Gerrit Zalm
4/4 (joined the Committee in March 2019)
Carol Sergeant2/2+1 (left the committee in March 2019)
Jan Thorsgaard Nielsen2/2 
  

Non-Nomination Committee members Jan Thorsgaard Nielsen and Carol Sergeant assisted the Nomination Committee at meetings in the first half of 2019.

Remuneration Committee

Activities and meetings attended in 2019

The Remuneration Committee held 6 meetings in 2019. In 2019, the Remuneration Committee have been operating as a preparatory committee for the Board of Directors with respect to matters concerning remuneration with a special 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 has reviewed and submitted recommendations to the Board of Directors regarding remuneration policies and practices, developments in remuneration levels, including variable remuneration. The committee has monitored the incentive programmes to ensure that they promote ongoing, long-term shareholder value creation as well as compliance with the Remuneration Policy.

The Remuneration Committee held 6 meetings in 2019 
MembersMeetings attended in 2019
Karsten Dybvad (formand)
6/6                                                                         
Bente Avnung Landsnes
4/4
Charlotte Hoffmann
6/6
Lars-Erik Brenøe
4/4
Hilde Tonne2/2 (left the committee in March 2019)
Rolv Erik Ryssdal2/2 (left the committee in March 2019)

 

Risk Committee

Activities and meetings attended in 2019

The Risk Committee held 8 meetings in 2019. In 2019, the Risk Committee has been operating as a preparatory committee for the Board of Directors with respect to Danske Bank’s risk management and related matters. The Risk Committee has advised the Board of Directors on Danske Bank’s risk profile, risk culture, risk appetite, risk strategy and risk management framework as a part hereof. The Risk Committee has reviewed and submitted recommendations to the Board of Directors regarding Danske Bank’s risk appetites, policies and instructions, its capital, leverage, liquidity, solvency and recovery requirements, its operational resilience framework (former business continuity plans), its impairment levels, its products and services from a risk perspective and the credit quality of Danske Bank’s loan portfolio. Furthermore, the Risk Committee has reviewed the use of internal models, the adequacy and sufficiency of staff resources of the risk management control function and incentive programmes from a risk perspective.

The Risk Committee held 8 meetings in 2019 
MemberMeetings attended in 2019
Carol Sergeant (chairman)8/8
Karsten Dybvad
6/8
Christian Sagild
5/6 (joined the committee in March 2019)
Gerrit Zalm6/6 (joined the committee in March 2019)
Jan Thorsgaard Nielsen
2
Ingrid Bonde2/2 (left the committee in March 2019) 
Jens Due Olsen 2/2 (left the committee in March 2019)
  

 

Non-Risk Committee member Jan Thorsgaard Nielsen assisted the Risk Committee at meetings in the first half of 2019.

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