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 chair and one member is an employee representative.
The Board of Directors has in March 2020 elected the following members to the Research & Development Committee:
The Research & Development Committee assists the Board with oversight of a) the research and development strategy, b) the pipeline, c) the R&D organisation, and d) other tasks on an ad hoc basis as specifically decided by the Board.
The Research & Development Committee consists of three members who are independent, including the chair, as defined in the Danish Corporate Governance Recommendations and two members who are non-independent. According to the Danish Corporate Governance Recommendations a majority of the members of a board committee should qualify as independent. Hence, the composition of the Research & Development Committee adheres to the Danish Corporate Governance Recommendations.
The Research & Development Committee conducted six meetings in 2019. All Research & Development Committee members attended all committee meetings within the member’s term in 2019. Please refer to the Annual Report 2019 on p. 39 for a detailed attendance overview.
The R&D Committee works according to an Annual Work Plan with fixed agenda items. In addition, the R&D Committee meets when developments require additional meetings. The R&D Committee has in 2019 met six times and dealt with the following matters:
R&D Committee matters and governance