Gender diversity target for the Board of Directors
According to the Articles of Association of H+H International A/S the Board of Directors shall consist of 4 – 8 members.
The Board of Directors has set the following gender diversity target pursuant to Section 139a of the Danish Companies Act and the related Guidance on target figures, policies and reporting on the gender composition of management (cf. section 3.1) issued by the Danish Business Authority in March 2016:
The Board of Directors shall seek to achieve no later than at the annual general meeting in 2019 that each gender is represented:
- by at least one shareholder-elected board member, when the Board of Directors consists of a total of 4 shareholder-elected board members;
- by at least two shareholder-elected board members, when the Board of Directors consists of a total of 5 – 7 shareholder-elected board members; and
- by at least three shareholder-elected board members, when the Board of Directors consists of a total of 8 shareholder-elected board members.
Currently, the gender diversity target is not met, since the Board of Directors is composed of five men and one woman. To meet the target, one more woman should join as board member, however, for the recruitment of the three new board members who have been elected while the target has been in place, the most qualified candidate for each of the three recruitments has been male even though the recruitments have been directed at both women and men. If a male and female candidate are equally competent, the Board of Directors will chose to propose the female candidate for a board position at the general meeting.
H+H International A/S does not set any gender diversity target for other management levels than the Board of Directors due to less than 50 persons being employed in H+H International A/S, cf. Section 139a (6) of the Danish Companies Act.