The Board of Directors is responsible for the overall and strategic management of Netcompany and is involved in the decision making concerning all major investments, risk management, significant operational issues, and more. The Executive Management is responsible for the day-to-day management of Netcompany, including the organisation of the company, implementation of strategies, and allocation of resources. The Executive Management is supervised by the Board of Directors and the two bodies are held separate from each other so that no one serves as a member of both bodies, thus avoiding any conﬂict of interest. The division of responsibility between the Board of Directors and the Executive Management is set out in the Rules of Procedures for the Board of Directors and Executive Management Instructions.
Board of Directors and Executive Management
The Board of Directors of Netcompany Group A/S currently consists of five members who are all considered independent under the Recommendations on Corporate Governance. The chair and the deputy chair are chosen among the board members and appointed by the Board of Directors. Each member is elected for a one-year period and may be re-elected. The Board of Directors must always consist of at least three and no more than seven members elected at the general meeting.
Netcompany believes that a diversified Board of Directors is of great importance to any company. As such, each of Netcompany Groups A/S’s board members contribute with a different competency profile supplementing the rest of the board and strengthening the overall management of Netcompany to the best interests of the shareholders, company employees, customers, and other stakeholders.
The Board of Directors meets at least five times a year and holds extraordinary meetings whenever it is required.
The members of the Executive Management currently consist of the CEO, COO and CFO. The executive management is registered with the Danish Business Authority.
You can find a list here of the current members of the Board of Directors and Executive Management.
Netcompany has chosen to establish three different board committees with the purpose of assisting the Board of Directors with its preparatory tasks. The Board Committees consist of an Audit Committee, a Remuneration Committee, and a Nomination Committee.
Along with their preparatory work, the committees also make recommendations for the Board of Directors, who in turn makes the final decision regarding the matter at hand. The responsibilities of the committees are stipulated in separate committee charters, which are reviewed annually by the Board of Directors and updated as appropriate.
The objective of the Audit Committee is to provide the Board of Directors with a financial overview of Netcompany’s businesses along with an overview of Netcompany’s statutory audit matters, internal controls, and risk management systems. Furthermore, the Audit Committee is responsible for supervising the procedures for election of the external auditor and the external auditor’s independence.
The Remuneration Committee assists the Board of Directors by preparing and presenting proposals and recommendations on all matters concerning the remuneration of the Executive Management and the Board of Directors and its committees.
The Nomination Committee assists the Board of Directors by preparing and presenting decision proposals regarding the composition of the Board of Directors and Executive Management, including the nomination of candidates and evaluation of the overall composition of the Board of Directors and Executive Management.
Attendance on board meetings
The members of the Board of Directors all understand and respect the extent of the work required by a board member of Netcompany Group A/S and they are all devoted in fulfilling their essential obligations of their respective positions. This is also reﬂected in the high attendance rate in the board and committee meetings.