Advisory Board

The Advisory Board is a consultative body that advises Danske Bank’s Board of Directors. It serves as a link between Danske Bank and its customers in a number of different areas. The purpose of the Advisory Board is to support and promote Danske Bank’s development, growth and reputation both in Denmark and abroad.

Members
The Advisory Board consists of 24 to 50 members, including a chairman and vice chairman. The members are persons with various business, cultural, political and social networks.

Appointment
The members of the Advisory Board are appointed by Danske Bank’s Board of Directors for a period of up to three years. No person may be elected or re-elected to the Advisory Board after the age of 70.

Authority
The Advisory Board makes proposals and recommendations to the Board of Directors, but is not authorised to make binding decisions.

Meetings
The Advisory Board usually meets twice a year, at the release of Danske Bank’s annual and half-year financial statements.

Remuneration
All members of the Advisory Board receive a fixed annual fee. In 2011, the fee was DKK 25,000.