Danske Bank's Board of Directors has fifteen members. Five members are employee representatives and the remaining ten are elected by the general meeting.
Under Danish law, the Bank's employees are entitled to elect a number of representatives corresponding to half the representatives elected by the general meeting at the time when the election of employee representatives is held.
According to the law, employee representatives are elected for four-year terms. The latest election of employee representatives took place in 2006.
All employees - except members of the Executive Board and employees working permanently outside Denmark - may be elected employee representatives.
Independence
The employee representatives on the Board come from a number of areas and functions in the Group. This can contribute to increasing confidence between staff and management.
The collective labour agreement gives employee representatives special protection against dismissal. This helps ensure their independence.
Legislation gives employee representatives the same rights, duties and responsibilities as the other Board members.
Last updated on April 29, 2008