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The Board

The Board is elected at the Annual General Meeting and has the overall responsibility for company activities. Among other things, the Board determines Danfoss’ overall strategies and objectives. The Board also defines the Executive
Committee’s guidelines for Danfoss’ daily operations. The order of business contains a description of the allocation of tasks between the Board and the Executive Committee. Matters before the Board are decided by simple majority at Board meetings. Where the vote is tied, the Chairman holds the deciding vote. At least five Board meetings are held each year and one Board meeting is held in connection with a visit to one of the group’s locations. Each year, the group’s strategy, target and perspective plan, among other items, are evaluated and updated at this meeting.

The Danfoss Board consists of nine members:
Six are elected at the Annual General Meeting and three are employee-elected representatives. Bitten Clausen also participates in Board meetings as an honorary member appointed by the Board. The members elected at the Annual General Meeting are elected for a one year term so all members elected at the Annual General Meeting are up for election at the ordinary Annual General Meeting. The employee elected Board members are up for election every four years, in accordance with Danish law.

The Board consists of:

Elected at the Annual General Meeting
Jørgen M. Clausen (Chairman),
Hans Michael Jebsen (Vice-Chairman),
Peter J.M. Clausen, Bill Hoover and Kasper Rørsted. 

Employee-elected members
Svend Aage Hansen, Arno Knöpfli and
Jens Peter Nielsen.

Honorary Member
Bitten Clausen.

Board members are not required to be shareholders of Danfoss and the age limit for elected members is 70.
Ole M. Daugbjerg, (Chief Reputation Officer), takes the minutes of Board meetings.

About us

With our Vision and Core Values as foundation, Danfoss lives up to the expectations being a responsible world citizen.
This is deeply rooted in our history and culture and it shall be reflected in the way we carry out our daily business.
 
Danfoss' relationship with all stakeholders shall be characterised by trust. We are, of course, aware that trust must be earned through our actions and corporate reputation.