Board committees

 

The Board of Directors has established three committees. The committees shall report and make relevant proposals to the Board of Directors. All decisions shall be made by the Board of Directors.
 
 
Audit Committee
Members of the committee are:
 
 
In 2016, the Audit Committee held five meetings. During 2016 the committee has, amongst other, on an ongoing basis reviewed all draft financial reports together with all auditors' reports as well as regularly reviewed the external auditors' scope and extent of non-audit related work for the company. The Audit Committee has also made annual reviews of various policies, manuals and procedures. Furthermore, the Audit Committee has made proposals to the Board of Directors on the audit strategy for the annual report. The committee has also continuously reviewed developments within the most material risk areas.
 
Download Charter of the Audit Committee as PDF: English
 
 
Nomination Committee
Members of the committee are:
 
 

In 2016, the Nomination Committee held one meeting. During 2016 the committee has reviewed and proposed changes to the Board of Directors' public Competency and Diversity Profile. The Nomination Committee has also arranged for the self-evaluation procedure carried out by and for the Board of Directors and made proposal to the Board of Directors on whether the size and the composition of the Board of Directors should be changed and who should be recommended by the Board at the annual general meeting as members of the Board of Directors. The committee also assists the Chairman and any external recruitment agency in the search for new board members or new members to the Executive Board.

 
Download Charter of the Nomination Committee as PDF: English
 
 
Remuneration Committee
Members of the committee are:
 
 
In 2016, the Remuneration Committee held two meetings. During 2016 the committee has, amongst others, reviewed the overall remuneration package, including the incentive programmes, for management and other key employees of the Group and it does annually review the Remuneration policy for the Board of Directors and the Executive Board, including overall guidelines for incentive pay for the Executive Board in order to consider if any amendments shall be proposed at the annual general meeting. The status and the proposed need for hedging of H+H International A/S's liabilities under the share-based incentive programmes are also reported by the committee to the Board of Directors. The committee also considers and recommends to the Board of Directors the annual board fee that the Board shall propose at the annual general meeting.
 
Download Charter of the Remuneration Committee as PDF: English