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 2018, the Audit Committee held five meetings. During 2018 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 and considered the composition of the external auditor team due to a mandatory auditor rotation. The Audit Committee has also looked into the effects and monitored the implementation of material new IFRSs (e.g. on leases). Furthermore, the Audit Committee has the plan for controller visits and 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 2018, the Nomination Committee held one meeting. During 2018 the committee has reviewed the gender diversity target set for the Board of Directors pursuant to the Danish Companies Act. The Nomination Committee also proposed a new diversity profile for the H+H group. Furthermore, the Nomination Committee evaluated the competence profile of the Board of Directors and informed the Board of Directors of the competences that could be considered strengthened. Based on that as well as the outcome of the Board's self-evaluation the Nomination Committee also participated in the recruitment of a new board member candidate that could complete the total board competence profile believed to be right considering H+H's strategy, challenges and opportunities.

 
Download Charter of the Nomination Committee as PDF: English
 
 
Remuneration Committee
Members of the committee are:
 
  • Miguel Kohlmann

 
In 2018, the Remuneration Committee held two meetings. During 2018 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