Demant employs a two-tier management structure, consisting of the Board of Directors and Executive Management. The Board of Directors supervises the performance of the company, its management and organisation on behalf of the shareholders. It also contributes to determining the company strategy. The Executive Board, in turn, is responsible for the company's daily operations.

The Executive Board consists of two members: Søren Nielsen, President & CEO, who is also President of Oticon A/S, and René Schneider, Chief Financial Officer.

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    Søren Nielsen,
    President & CEO and President of Oticon A/S


  • demant_people_rene_schneider_cfo_210512_demant6170

    René Schneider, 

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    Arne Boye Nielsen,
    President of Diagnostics and Communications

  • demant_people_niels-wagner_9340

    Niels Wagner,
    President of Hearing Care

The Board of Directors of Demant A/S has eight members: five elected by the shareholders at the general meeting and three members elected by employees in Demant's Danish companies.

The Board members elected by the shareholders are elected for one year at a time and staff-elected Board members for four years at a time. The last staff election took effect after the annual general meeting in March 2019.

The Board of Directors is responsible for the overall strategic management as well as the financial and managerial supervision of the company, and it currently evaluates the work of the Executive Board. The Board of Directors' duties and responsibilities are set out in its rules of procedure. These are revised once a year.

The Board of Directors has decided to set up an audit committee, a nomination committee, a remuneration committee and an IT security committee.


Once a year, the Chairman of the Board of Directors performs an evaluation of the Board’s work. The evaluation is performed either through personal, individual interviews with the Board members or by means of a questionnaire to be filled out by the individual Board members. In both instances, the findings of the evaluation are presented and discussed at the subsequent Board meeting. At least every third year, the evaluation is performed with external assistance. The evaluation was performed by means of a questionnaire in 2021, as the evaluation the year before was performed with external assistance based on individual meetings with each Board member.

Overall, the evaluation confirmed that the Board is satisfied with its governance structures and confirmed that the interaction between the Board members is well-functioning. The Board of Directors is keen on keeping focus on and allocating time to the long-term strategic development of the company to continuously ensure that the potential of the company is exploited to the fullest. The collaboration between the Board of Directors and the Executive Board works well, and there is an open and trustful working atmosphere. The work performed by the Board takes its starting point in the annual wheel, which is continuously refined and updated and ensures the Board’s commitment and immersion into relevant areas.


The Board of Directors continuously strives to ensure that between them the Board members have the relevant knowledge and professional experience required to fulfil the company’s needs. These competences must cover the following areas:


• International management experience at corporate level
• Board experience from listed companies with international operations
• Industrial management experience
• Insight into globalisation challenges
• Profound knowledge of economics and finance
• Insight into and knowledge of the political aspects of business
• Board experience from multiple lines of business
• Academic level of education


Though Board members are up for election every year, they traditionally sit on the Board for an extended number of years. This ensures consistency and maximum insight into the conditions prevailing within the company and within the industry. This is considered to be extremely important in terms of the value that the Board of Directors brings to the company. In fact, it is considered just as important as the professional skills listed above.

The basic fee for a Board member is DKK 400,000. The Chairman’s fee is three times the basic fee and the Deputy Chairman’s fee is twice the basic fee.

There is no separate fee for nomination, remuneration and IT security committee members. Audit committee members receive a fee of DKK 50,000.

The remuneration of the Board of Directors and the Executive Board is designed to support the strategic goals and to generate value in Demant and thus support Demant’s business strategy. Additionally, the remuneration policy supports a straightforward and transparent remuneration structure for the Board of Directors and the Executive Board. The remuneration policy was adopted at the Annual General Meeting held in 2020. A minor adjustment to the remuneration policy has been decided by the Board of Directors in February 2021.

Remuneration reports are published annually. The remuneration report for 2021 is available here.


In 2021, the Board of Directors convened on 6 occasions.

  • audit-nomination-remuneration-commitee


    Demant's Board of Directors has set up an audit, a nomination, a remuneration and an IT security committee.


  • Corporate-governance

    Corporate Governance

    Read more about our work on corporate governance, which we consider an ongoing process up for regular assessment.


  • unique-position-hearing-healthcare-market


    A unique position in the hearing healthcare market, based on true innovation and an efficient global set-up, we are equipped to help millions of people.