Number of members
The Board of Directors currently consists of 8 members elected by the general meeting
, and 5 employees elected by their fellow employees
. The Executive Board is not represented on the Board of Directors.Duties and responsibilities
The Board of Directors is responsible for ensuring that the Group's organisation is sound and in this capacity appoints the Executive Board, the Group chief auditor, the deputy Group chief auditor and the secretary to the Board of Directors.
The Board meets
- about 12 times a year according to a fixed meeting schedule
- once or twice a year in longer meetings to discuss strategy
The chairman of the Board is responsible for the following:
- Evaluating the Board of Directors, the Executive Board and their collaboration
- Conducting individual meetings with all the members of the Board of Directors
Afterwards, the Nomination Committee and the full Board of Directors review the conclusions of the evaluation process to ensure that the required expertise is represented on the Board.Four committees
The Board has established committees
that play a supervisory role and prepare cases for treatment by the Board in four areas: credit and risk, audit, remuneration and nomination.Advisory BoardThe Advisory Board
serves as a bridge between the Group and its customers by advising the Board of Directors.Board of Directors Secretariat
The Board of Directors Secretariat, led by the secretary to the Board, serves the Board by planning meetings, advising on matters of company law and Danske Bank's Articles of Association.