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Committee meetings 2020

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.

 

Remuneration Committee

Activities and meetings attended in 2020

The Remuneration Committee held 6 meetings in 2020. In 2020, 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.

6 meetings in 2020
MembersAttendency
Karsten Dybvad
(chairman)
6/6
Bente Avnung Landsnes
1/1*
Charlotte Hoffmann
 6/6
Lars-Erik Brenøe
 6/6
Raija-Leena Hankonen 5/5**


* Left the committee in June 2020
** Joined the committee in June 2020

Conduct & Compliance Committee

Activities and meetings attended in 2020

The Conduct & Compliance Committee held 8 meetings in 2020. 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.

8 meetings in 2020

Members

Attendency

Karsten Dybvad (chairman)

8/8

Carol Sergeant

8/8

Jan Thorsgaard Nielsen

 8/8

Kirsten Ebbe Brich

 8/8


Nomination Committee

Activities and meetings attended in 2020

The Nomination Committee held 4 meetings in 2020. In 2020, 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.

4 meetings in 2020

Members

Attendency
Lars-Erik Brenøe
(chairman)
4/4
Karsten Dybvad4/4
Gerrit Zalm4/4
Bente Landsens3/3*

*Joined the committee in June 2020

Audit Committee

Activities and meetings attended in 2020

The Audit Committee held 9 meetings in 2020. In 2020, 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.

Nine meetings in 2020

MembersAttendency

Jens Due Olsen

(chairman until April 2020)

3/3*

Jan Thorsgaard Nielsen
(chairman from April 2020)

9/9

 

 Bente Avnung Landsnes

 9/9

 Christian Sagild

7/9

 Raija-Leena Hankonen

 2/2**

 

Jan Thorsgaard Nielsen, Raija-Leena Hankonen and Christian Sagild 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.

* Left the committee in March 2020
** Joined the committee in June 2020

Risk Committee

Activities and meetings attended in 2020

The Risk Committee held 9 meetings in 2020. In 2020, 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.

9 meetings in 2020 
MemberAttendency
Carol Sergeant (chairman)9/9
Karsten Dybvad
4/4*
Christian Sagild
8/9
Gerrit Zalm8/9
Martin Blessing

5/5**


* Left the committee in June 2020
** Joined the committee in June 2020

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