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Commitees

The nomination committee is composed of the Chairman and the Deputy Chairman of the company, the Chairman and the Deputy Chairman of the company’s major shareholder, the William Demant Foundation, and the President & CEO of the company.

The Chairman of the Board of Directors is also Chairman of the committee.

There is no separate fee for the nomination committee members.

In 2018, the committee did not hold meetings.

 

Terms of reference

Please read the committee's terms of reference below.


Terms of reference for Demant's nomination committee


Kommissorium for Demants nomineringsudvalg

 

Members of the nomination committee

 

  • Niels B. Christiansen, Chairman (independent)
  • Lars Nørby Johansen (not independent)
  • Peter Foss (not independent)
  • Niels Jacobsen (not independent)
  • Søren Nielsen (not independent)

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

 

  • Lars Rasmussen, Chairman (independent)
  • Niels B. Christiansen (independent)
  • Peter Foss (not independent)
  • Niels Jacobsen (not independent)
  • Benedikte Leroy (independent)



The remuneration committee is composed of the Chairman and the Deputy Chairman of the company.

The Chairman of the Board of Directors is also Chairman of the committee.

There is no separate fee for the remuneration committee members.

In 2018, the committee held one meeting.



Terms of reference


Please read the committee's terms of reference below.

Terms of reference for Demant's remuneration committee

Kommissorium for Demants vederlagsudvalg

 

Members of the remuneration committee

 

  • Niels B. Christiansen, Chairman (independent)
  • Niels Jacobsen (not independent)