The Chairmanship assists the Board of Directors with: the planning of the Board meetings to ensure a balance between overall strategy-setting and financial and managerial supervision of the company; employment, incentive remuneration and performance evaluation of Executive Management; and represents the Board externally.
The Chairmanship consists of the chair and vice chair of the Board of Directors, both of whom are elected directly by the shareholders at the Annual General Meeting.
At the Annual General Meeting in March 2021, Helge Lund was re-elected as chair and Jeppe Christiansen was re-elected as vice chair of the Board of Directors. Helge Lund became chair of the Board in 2018 and Jeppe Christiansen became vice chair in connection with his first election in 2013.
The chair qualifies as independent as defined by the Danish Corporate Governance Recommendations, while the vice chair qualifies as non-independent given that he is a Board member of the main shareholder Novo Holdings A/S.
In 2020, the Chairmanship conducted seven meetings. The chair attended all meetings in 2020 whereas the vice chair was excused from one meeting in 2020.