The Danske Bank Group has a two-tier management structure consisting of the Board of Directors and the Executive Board. The Board of Directors has also approved the appointment of an executive committee. The Board of Directors determines the general principles governing the Danske Bank Group's affairs and the Executive Board is responsible for the daily management of the Group.
The Group's management philosophy is generally the same across units, but we do not believe that good management is the result of rules. Individual managers each have their special qualifications, and each management position requires particular competencies.