General meetings shall be called with 3-5 weeks and in practice with
approximately three to four weeks' notice. The agenda is accompanied
by a combined proxy and voting form enabling the shareholder to vote
specifically on each item.
The Annual General Meeting approves the annual report and any
amendments to the articles of association. The general meeting elects
the chair, the vice chair and 2-8 other members of the Board of Directors as
well as the auditor. Resolutions can generally be passed by a simple
majority, however, resolutions to amend the articles require at least
two thirds of votes cast and capital represented unless other adoption
requirements are imposed by the Danish Companies Act.
A shareholder’s right to attend and vote at a general meeting is
determined by shares owned at the record date, which is one week prior
to the general meeting. The deadline for applying for an admission
card to a general meeting is no later than three days prior to the
All shareholders may, no later than 6 weeks prior to the general
meeting, request that proposals for resolution be included on the
agenda. All shareholders may also ask questions at the general meetings.
All documents relating to
general meetings are published on Novo Nordisk’s website at
least three weeks prior to the general meeting.
General meetings are held in English, however proposals may be
submitted and questions may be asked in Danish. Simultaneous
interpretation between English and Danish is available and the meeting
is web cast live (2020) and available for streaming after the meeting. The
Board of Directors has decided that, currently, general meetings
should be conducted by attendance in person. Shareholders may,
however, vote by proxy or correspondence (written votes), either
electronically or by mail.
Resolutions passed at general meetings are published immediately
after the close of the meeting and the minutes are disclosed.
Normally, Novo Nordisk host an informal information meeting
conducted in Danish for the company's shareholders' shortly after the
annual general meeting.