Committee meetings 2024
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
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.
| The Remuneration Committee held 7 meetings in 2024 | |
|---|---|
Members | Attendency |
| Martin Blessing (chairman) | 7/7 |
| Bente Bang | 7/7 |
| Lars-Erik Brenøe | 7/7 |
| Jacob Dahl | 7/7 |
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, 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.
| The Conduct & Compliance Committee held 5 meetings in 2024 | |
|---|---|
Members | Attendency |
| Lars-Erik Brenøe (chairman) | 5/5 |
| Lieve Mostrey | 3/4* |
| Allan Polack | 4/4** |
| Kirsten Ebbe Brich | 5/5 |
| Martin Blessing | 1/1*** |
| Carol Sergeant | 1/1**** |
* Lieve Mostrey joined the Board of Directors in March 2024. Due to contractual obligations towards a former employer, Lieve Mostrey was prevented from participating in Board meetings and Board committee meetings until the Board meeting held on 29 May 2024.
** Allan Polack joined the Conduct & Compliance Committee in March 2024.
*** Martin Blessing stepped down from the Conduct & Compliance Committee in March 2024.
**** Carol Sergeant stepped down from the Board of Directors in March 2024.
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 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.
| The Nomination Committee held 6 meetings in 2024 | |
|---|---|
Members | Attendency |
| Martin Nørkjær Larsen (chairman) | 5/5* |
| Martin Blessing | 6/6 |
| Helle Valentin | 6/6 |
| Jan Thorsgaard Nielsen | 1/1** |
* Martin Nørkjær Larsen joined the Board of Directors in March 2024.
** Jan Thorsgaard Nielsen stepped down from the Board of Directors in March 2024.
Audit Committee
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.
| The Audit Committee held 7 meetings in 2024 | |
|---|---|
| Members | Attendency |
Allan Polack (chairman) | 7/7 |
Martin Nørkjær Larsen | 5/5* |
|
Raija-Leena Hankonen-Nybom | 7/7 |
Jan Thorsgaard Nielsen | 2/2** |
* Martin Nørkjær Larsen joined the Board of Directors in March 2024.
** Jan Thorsgaard Nielsen stepped down from the Board of Directors in March 2024.
Risk Committee
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.
| The Risk Committee held 9 meetings in 2024 | |
|---|---|
Members | Attendency |
Jacob Dahl (chairman) | 9/9 |
Martin Blessing | 7/7* |
Lieve Mostrey | 6/7** |
Louise Aggerstrøm Hansen | 9/9 |
Allan Polack | 2/2*** |
Carol Sergeant | 2/2**** |
* Martin Blessing joined the Risk Committee in March 2024.
** Lieve Mostrey joined the Board of Directors in March 2024. Due to contractual obligations towards a former employer, Lieve Mostrey was prevented from participating in Board meetings and Board committee meetings until the Board meeting held on 29 May 2024.
*** Allan Polack stepped down from the Risk Committee in March 2024.
**** Carol Sergeant stepped down from the Board of Directors in March 2024.