Appointed by the Board of Directors
The members of the Executive Board are appointed by the Board of Directors. The Executive Board reports and makes recommendations to the Board of Directors, and it carries out specific directives issued by the Board of Directors.
Key duties and responsibilities
- Performing day-to-day management of the Group at the highest level
- Approving significant business transactions, including credit applications up to a certain level
- Setting policies for and supervising the Group's risk management
- Ensuring sound bookkeeping and asset management
The Danske Bank Group works systematically to identify key positions and potential successors for such positions. The objectives are to ensure preparedness in case of unforeseen events and to develop candidates for these positions.
Succession planning is an annual process based on discussions with the heads of the individual business units and resource areas as well as HR procedures and data.