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
Members	Meetings 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	2
Ingrid Bonde	2/2 (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.

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 Sergeant	2/2+1 (left the committee in March 2019)
Jan Thorsgaard Nielsen	2/2

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

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
Member	Meetings attended in 2019
Carol Sergeant (chairman)	8/8
Karsten Dybvad	6/8
Christian Sagild	5/6 (joined the committee in March 2019)
Gerrit Zalm	6/6 (joined the committee in March 2019)
Jan Thorsgaard Nielsen	2
Ingrid Bonde	2/2 (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.