Brødrene A & O Johansen A/S’ Board of Directors comprises a total of eight members who have been elected to protect the interests of the shareholders as best as possible and to ensure an appropriate and balanced development of the company both in the short and the long term. The Board of Directors is in charge of the overall and strategic management of the company.
Five members are elected by the General Meeting
Class B shareholders have the right to elect one board member whereas Class A shareholders elect the remaining board members. The election of board members representing each individual share class is determined by a simple majority of votes. The board members resign every year, but re-elections may take place.
Three members are elected by the employees
In Denmark, the company’s employees elect three board members according to the current provisions of the Danish Companies Act. Staff-elected board members are elected for a term of four years. In addition, the company’s employees also elect an equivalent number of alternates who are elected for a similar term.
Staff-elected Board members have good knowledge of the company’s activities and contribute in a constructive way to the decisions of the board, and they have the same rights, duties, and responsibilities as board members elected by the General Meeting.
The Board of Directors holds meetings 6-7 times a year.
Read the competency profile of the Board of Directors