Remuneration and Nomination Committee
The Remuneration and Nomination Committee (the “Committee”) consists of Jens Bager (Chair), Todd Dunlap, and Britt Boeskov. Among its duties and responsibilities, the Committee shall ensure (subject to decision by the Board) that:
- Issues related to compensation of Executive Management are handled in accordance with the Danish Recommendations on Corporate Governance;
- Executive Management and key employees are remunerated fairly and appropriately;
- The Group’s Remuneration Policy and outcomes balance the interests of the Company’s shareholders against rewarding and motivating the Group’s executives and key employees to secure their loyalty long term;
- The Remuneration Policy, practices, nomination, and succession planning are consistent with and support the strategic direction and objectives of the Company as determined by the Board and the General Meeting.
In addition, the Committee has the following (not exhaustive) responsibilities relating to nomination and remuneration matters:
- At least once a year, evaluate the competences, etc. of members of the Board and Executive Management, and report on this to the Board;
- Recommending suitable candidates to the Board and Executive Management;
- Reviewing and making recommendations on the level and principles of the Remuneration Policy;
- Reviewing and making recommendations on the Company’s policy and structure for all remuneration.