Committee meetings 2023
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 2023
The Audit Committee held 6 meetings in 2023.
The Audit Committee operates as a preparatory committee for the Board of Directors with respect to accounting and auditing matters, including risk matters relating thereto. The Committee reviews and submits recommendations to the Board of Directors regarding financial reports and assessment of the related risks, key accounting principles and procedures, internal controls, and reports from both internal and external audit.
| 6 meetings in 2023 | |
|---|---|
| Members | Attendency |
|
Raija-Leena Hankonen-Nybom (chairman) | 6/6 |
Jan Thorsgaard Nielsen | 6/6 |
Bente Avnung Landsnes | 1/1 |
| Allan Polack | 5/5 |
Raija-Leena Hankonen and Jan Thorsgaard Nielsen are designated as the qualified members of the Audit Committee pursuant to section 31(1) of the Danish Act on Approved Auditors and Audit Firms.
Conduct & Compliance Committee
Activities and meetings attended in 2023
The Conduct & Compliance Committee held 6 meetings in 2023.
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, whistleblowing cases, and other thereto-related matters. Furthermore, the Committee oversees investigations of significant breaches, it monitors the handling of claims and litigations and it oversees communication with the Danish FSA and the whistleblowing scheme. The Committee monitors the adequacy of Group compliance resources, it oversees Danske Bank’s conduct in relation to its corporate and societal obligations and it monitors Danske Bank’s adherence to guidance, direction and policies for the Group’s approach to customers and regulation.
| 6 meetings in 2023 | |
|---|---|
Members | Attendency |
| Lars-Erik Brenøe (chairman) | 6/6 |
| Carol Sergeant | 6/6 |
| Kirsten Ebbe Brich | 6/6 |
| Martin Blessing | 6/6 |
Nomination Committee
Activities and meetings attended in 2023
The Nomination Committee held 7 meetings in 2023.
The Nomination Committee operates as a preparatory committee for the Board of Directors with respect to the nomination and appointment of candidates to the Executive Leadership Team and the Board of Directors and the evaluation of the work and performance of the Executive Leadership Team, the Board of Directors and its individual members. The Nomination Committee also submits proposals to the Board of Directors on policies for succession planning, diversity and inclusion.
| 7 meetings in 2023 | |
|---|---|
Members | Attendency |
| Jan Thorsgaard Nielsen (chairman) | 7/7 |
| Helle Valentin | 6/7 |
| Martin Blessing | 7/7 |
Remuneration Committee
Activities and meetings attended in 2023
The Remuneration Committee held 7 meetings in 2023.
The Remuneration Committee operates as a preparatory committee for the Board of Directors with respect to matters concerning remuneration with 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 Committee reviews and submits recommendations to the Board of Directors regarding remuneration policies and practices, developments in remuneration levels, including variable remuneration. Furthermore, the Committee monitors the incentive programmes to ensure that they promote ongoing, long-term shareholder value creation and comply with the Remuneration Policy.
| 7 meetings in 2023 | |
|---|---|
Members | Attendency |
| Martin Blessing (chairman) | 7/7 |
| Lars-Erik Brenøe | 7/7 |
| Allan Polack | 3/3 |
| Bente Bang | 7/7 |
| Jacob Dahl | 4/4 |
Risk Committee
Activities and meetings attended in 2023
The Risk Committee held 11 meetings in 2023
The Risk Committee operates as a preparatory committee for the Board of Directors with respect to Danske Bank’s risk management and it advises the Board of Directors on Danske Bank’s risk profile, risk culture, risk appetite, risk strategy and risk management framework. The Committee therefore reviews and submits recommendations to the Board of Directors regarding Danske Bank’s risk appetite, policies and instructions, its capital, leverage, liquidity, solvency and recovery requirements, its operational resilience framework, its impairment levels, its products and services from a risk perspective and the credit quality of Danske Bank’s loan portfolio. Furthermore, the Committee reviews 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.
| 11 meetings in 2023 | |
|---|---|
Members | Attendency |
| Carol Sergeant (chairman) | 11/11 |
| Louise Aggerstrøm Hansen | 6/9 |
| Allan Polack | 11/11 |
| Jacob Dahl | 10/11 |