Committee Composition

Committee Composition

The NKT Board of Directors has appointed four committees: an Audit Committee, a Nomination Committee, a Remuneration Committee and a Working Committee for NKT Photonics.

Audit Committee

The Audit Committee comprises two members of the Board of Directors, currently Jutta af Rosenborg and Jens Maaløe. Both are qualified as independent.

The Audit Committee is appointed for one year at a time and receives special remuneration for its work. This remuneration is approved at the Annual General Meeting.

The Audit Committee monitors the company's accounting and internal controls, and establishes conditions and a framework for the work of the external auditors.

The work of the Audit Committee is defined in an annual plan approved by the Board of Directors.

 The principal tasks of the Audit Committee are: 

  • To monitor the financial reporting process. This includes verifying compliance with existing legislation, standards and other regulations for listed companies relating to presentation and publication of financial reporting
  • To monitor whether the company’s internal control system, internal audits if any, and risk management systems function effectively
  • To monitor the statutory auditing of the annual financial statements, etc.
  • To monitor the independence of auditors, including in particular the supply of further services to the NKT Group
  • To make recommendations to the Board of Directors concerning choice of auditors.

The Audit Committee holds a minimum of four meetings annually.

Terms of reference for the Audit Committee

Nomination Committee

The Nomination Committee comprises two members of the Board of Directors, currently Lars Sandahl Sørensen and Jens Due Olsen

The Nomination Committee is appointed for one year at a timeand receives special remuneration for its work. This remuneration is approved at the Annual General Meeting.

The tasks of the Nomination Committee are: 

  • To define the qualifications required by the Board of Directors and the Executive Management, to state the expected time commitment for a specific position, and to evaluate the balance of skills, knowledge and experience represented
  • To evaluate annually the structure, size, composition and performance of the Board of Directors and the Executive Management and to make recommendations to the Board of Directors with regard to changes
  • To evaluate annually the skills, knowledge and experience of the individual members of the Board of Directors and the Executive Management and to report the findings to the Board of Directors
  • To consider executive candidates proposed by relevant persons, including shareholders, the Board of Directors and the Executive Management
  • To identify and recommend candidates to the Board of Directors for positions on the Board of Directors and the Executive Management. 
Terms of reference for the Nomination Committee

Remuneration Committee

The Remuneration Committee comprises two members of the Board of Directors, currently Jutta af Rosenborg and Jens Maaløe

The Remuneration Committee is appointed for one year at a time and receives special remuneration for its work. This remuneration is approved at the Annual General Meeting.

The tasks of the Remuneration Committee are: 

  • To submit proposals to the Board of Directors concerning the remuneration policy for the Board of Directors and the Executive Management, including the general principles for incentive pay schemes, prior to approval at the Annual General Meeting  
  • To submit proposals to the Board of Directors concerning the remuneration of the Board of Directors and the Executive Management, and to ensure that this remuneration is consistent with the company’s remuneration policy and the evaluation of the performance of the persons concerned. The Committee must be informed of the total amount of remuneration received by members of the Board of Directors and the Executive Management from other companies in the Group
  • To verify that the information contained in the Annual Report concerning the remuneration of the Board of Directors and the Executive Management is correct, true and adequate.

Terms of reference for the Remuneration Committee

Remuneration policy: In English
Remuneration policy: In Danish


Working Committee for NKT Photonics

The NKT Photonics Committee comprises two members of the Board of Directors, currently Jens Maaløe and Jens Due Olsen

Investors contact

Michael Nass Nielsen

+45 2494 1654
ir@nkt.com

Press contact

Helle Gudiksen

+45 2349 9098
helle.gudiksen@nkt.com

 

NKT A/S
CVR-number: 62725214
Vibeholms Allé 20
DK-2605 Broendby
Denmark