The audit committee
Members of the audit committee are elected by the Board of Directors from their midst. At least one of the committee members must be considered independent and have relevant financial experience as stipulated in the Danish Act on Approved Auditors and Audit Firms. The Board of Directors elects the committee's chairman, who must be considered independent and must not be Chairman of the Board.
The audit committee holds its meetings in connection with the ordinary board meetings. Before each meeting, the members will receive a separate agenda with fixed items and any special reports pre-determined in a full-year wheel chart for the audit committee. The wheel chart includes accounting policies, significant accounting estimates, related party transactions as well as uncertainties and risks.
The members of the audit committee receive a basic fee of DKK 50,000, and the chairman of the committee receives three times the basic fee.
In 2018, the committee held two meetings.
Terms of reference
Please read the committee's terms of reference below.
Terms of reference for Demant's audit committee
Kommissorium for Demants revisionsudvalg
Members of the audit committee