Nomination and election

Members of the Board of Directors of Danske Bank are elected by the general meeting for a two-year term. Half the members of the Board of Directors elected by the general meeting are up for election every year.

A special nomination committee identifies potential candidates and recommends them to the Board of Directors for nomination for election by the general meeting.
Nomination committee
Directors may be re-elected several times. It is the opinion of the Board of Directors that a board consisting of ten directors elected by the shareholders at the general meeting should be the target for Danske Bank.

Directors are elected by the general meeting. The procedure depends on whether a director has been on the board for a full two-year term.
Read about the general meeting
A director whose term has expired may stand for re-election, or the Board may propose a new candidate.

Shareholders may propose other candidates by submitting a proposal for inclusion on the agenda or by proposing a candidate at the general meeting. Proposing a candidate at the general meeting is permitted since this does not add a new item to the agenda.

If shareholders want to propose a new director to replace an existing director whose term has not expired, they must submit a proposal to be included in the agenda.

Directors are elected by simple majority.

Directors shall resign at the first annual general meeting held after they have attained the age of 70, at the latest.

Last updated/revised on October 12, 2007