Board of Directors

The Board of Directors and the Executive Management are responsible for managing the company’s affairs.

The Nomination and Remuneration Committee and the Audit and Risk Committee ensure the company's activities are transparent and regulated.

Our Leadership
  • Competencies overview

    Ørsted attaches importance to the members of its Board of Directors having extensive knowledge and experience from management positions in major Danish and foreign companies covering a wide range of fields of activity, including fields directly related to the company's business areas.

    The Board of Directors has prepared a list of the competencies that should be represented on Ørsted's Board of Directors. You can find and download the competencies overview below.

    Competencies overview for the board of Directors of Ørsted A/S

  • Audit and Risk Committee

    The Board of Directors has formed an Audit and Risk Committee.

    Members and duties

    Benny D. Loft (Chairman), Dieter Wemmer and Peter Korsholm are the members of the Audit and Risk Committee. Between them, the members of our Audit and Risk Committee possess the relevant financial, accounting, audit and sector skills.

    The committee assists the Board of Directors in overseeing the financial and non-financial reporting process, the capital structure development, financial and business-related risks, compliance with statutory and other requirements from public authorities and the internal controls.

    Moreover, the committee approves the framework for the work of the company’s external and internal auditors, evaluates the external auditors’ independence and qualifications as well as monitoring the company’s whistleblower scheme.

    You can download the terms of reference of the Audit and Risk Committee via the link below.

    The terms of reference of the Audit and Risk Committee

     

    Special tasks in 2017

    In 2017, the Audit and Risk Committee focused especially on the divestment of our upstream oil and gas business, IT/cyber security and our preparations for the implementation of the new General Data Protection Regulation in May 2018.

    Number of meetings in 2017

    Six meetings have been held in 2017 in the Audit and Risk Committee.

  • Nomination and Remunerations Committee

    The Board of Directors has in 2018 formed a Nomination and Remuneration Committee, replacing the Remuneration Committee.

    Thomas Thune Andersen (Chairman), Lene Skole and Pia Gjellerup are the members of the Nomination and Remuneration Committee.

    The committee assists the Board of Directors in preparing and implementing the remuneration policy. The committee assesses and prepares recommendations on Group Executive Management’s salary adjustments, bonuses, the application of retention schemes for key employees, the use of one-off payments and introduction of new compensatory elements.

    In 2017, the former Remuneration Committee discussed, among other things, payment of retention bonuses granted in connection with the divestment of our upstream oil and gas business.

    Three meetings have been held in 2017 as the then former Remuneration Committee.

    You can download the terms of reference of the Nomination and Remuneration Committee via the link below. 

    Terms of reference of the Nomination and Remuneration Committee

    Remuneration policy

    Remuneration report

Our leadership team

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