The Research & Development Committee

The Research & Development Committee consists of up to five members elected by the Board of Directors from among its members. One member is designated as chairman.

The Board has in March 2017 elected the following to the Research & Development Committee:

  • Göran Ando (elected, chairman; not independent)
  • Brian Daniels (elected, member; independent)
  • Sylvie Gregoire (elected, member; independent)
  • Liselotte Hyveled (elected, member; employee representative; not independent)
     

Independence

The Research & Development Committee consists of two members who are independent as defined in the Danish Corporate Governance Recommendations and two members who are non-independent, including the Chairman. One member is an employee representative. According to the Danish Corporate Governance Recommendations a majority of the members of a board committee shall qualify as independent. Hence, the composition of the Research & Development Committee does not conform to the Danish Corporate Governance Recommendations. This is due to the fact that the Board of Directors finds that the Research & Development Committee should be composed of members who all have a significant prior experience in relation to Research and Development while maintaining an operational structure of the Research & Development Committee with relative few members.
 

Roles and responsibilities

The Research & Development Committee assists the Board with oversight of the research and development strategy, the pipeline, and other tasks on an ad hoc basis as specifically decided by the Board.

 


Related reading

R&D Committee Charter