Danske Bank A/S's corporate governance

 


Danske Bank A/S’s corporate governance complies with the general requirements laid down in Chapter 7, section 1, of the Act on Credit Institutions.


The Board of Danske Bank A/S has approved the bank’s risk strategy and other strategic goals and ensures that compliance with them is supervised.

Composition and working practices of the Board of Directors
 
The composition and working practices of Danske Bank A/S’s Board of Directors comply with the requirements laid down in Chapter 7, section 2, of the Act on Credit Institutions.

The members of Danske Bank A/S’s Board of Directors are: Tonny Thierry Andersen (Chairman), Peter Rostrup-Nielsen (Deputy Chairman), Jeanette Fangel Løgstrup, Henriette Fenger Ellekrog, Sakari Tamminen, Maija Strandberg and Tomi Dahlberg.
 
Committees appointed by the Board

The Board of Directors of Danske Bank A/S has the following committees, the members of which are Board members: the Nomination Committee, the Remuneration Committee, the Risk Committee and the Audit Committee. The duties of the committees are laid down in the Act on Credit Institutions. The Board has approved the committees’ rules of procedure.
 
The composition of the committees:
 
Nomination Committee:
Jeanette Fangel Løgstrup (Chairman), Henriette Fenger Ellekrog, Peter Rostrup-Nielsen. 

Remuneration Committee:
Henriette Fenger Ellekrog (Chairman), Tonny Thierry Andersen, Sakari Tamminen and Maija Strandberg.

Audit Committee:
Maija Strandberg (Chairman), Peter Rostrup-Nielsen, Sakari Tamminen and Tomi Dahlberg.

Risk Committee:
Peter Rostrup-Nielsen (Chairman), Sakari Tamminen, Maija Strandberg and Tomi Dahlberg.

Integrity and competency of management
Danske Bank A/S’s Board members and operating management comply with the integrity and competency requirements laid down in Chapter 7, section 4, of the Act on Credit Institutions.
 
Use of time by management
 
Danske Bank A/S complies with the requirements of Chapter 7, section 5 of the Act on Credit Institutions regarding the use of time by bank management.

The managing director of Danske Bank A/S is Risto Tornivaara.

The managing director of Danske Bank A/S has established a Group Executive Committee to support him in his duties. Its members are: Risto Tornivaara, Mikael Ahtokari, Anu Ilvonen, Tapio Jordan, Kenneth Kaarnimo, Sanna Kaivola, Hannele Karhulahti, Kimmo Laaksonen, Mirka Lummaa, Anders Norrena, Laura Sepponen, Leena Vainiomäki, Petri Viertiö, Tuomas Virtala and Erik Åkesson.
 
Reporting violations (whistleblower)

Danske Bank A/S has procedures required in Chapter 7, section 6, of the Act on Credit Institutions, with which bank employees can use an independent channel within the bank to report suspected violations of rules and regulations concerning financial markets. The Board’s Audit Committee monitors and assesses the effectiveness of these procedures.