Audit and Risk Committee

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

Dieter Wemmer (Chairman), Peter Korsholm and Jørgen Kildahl 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.

In 2018, the Audit and Risk Committee focused especially on the two acquisitions of Lincoln Clean Energy and Deepwater Wind in the US, IT/cybersecurity together with the implementation of the new General Data Protection Regulation (GDPR), and the inflation exposure management policy adopted in 2018.

Seven meetings have been held in 2018 in the Audit and Risk Committee.

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

General meetings

Find all of the latest material related to our general meetings