Solar Group Management is made up of the Executive Board, our Senior Vice Presidents and the Managing Directors of the group subsidiaries. Furthermore, we have a Board of Directors that is made up of nine members. You can see them all here below.
Our Board of Directors is made up of six members elected by the Annual Meeting and three employee-elected members
About the Board of Directors
Jointly, the Board of Directors and the Executive Board, comprised of our CEO, CCO and CFO, are responsible for the overall and strategic management of the Solar Group.
On the whole, the Board of Directors must comprise the following expertise to enable it to perform its management duties:
- Experience of board of directors' work
- Top-level management experience
- International experience
- Knowledge of the circumstances of listed companies
- Knowledge of sourcing and services
- Economic and financial knowledge
- Experience of acquisitions and divestments
- Experience of business development
- Knowledge and experience of digitalisation and supply chain
Board of Directors' affiliation with Solar
Morten Chrone, Peter Bang, Louise Knauer and Jens Peter Toft are independent of the company pursuant to the definition in the recommendations on corporate governance in Denmark. Jens Borum has been a member of the Board of Directors for more than 12 years. Jesper Dalsgaard is affiliated with the Fund of 20th December, which is the majority shareholder in Solar A/S.
Peter Bang, Louise Knauer and Jens Peter Toft are members of the Audit Committee. Jens Peter Toft chairs the Audit Committee and has special accounting qualifications.
Jens Peter Toft and Louise Knauer are members of the Remuneration Committee together with the Chairman of the Board of Directors Jens Borum. Jens Borum chairs the remuneration committee.
Election of employee representatives
The most recent ordinary election of employee representatives took place electronically on 22 February - 1 March 2018. The participation rate in the election was 70.9%. Under the law, employee representatives have the same rights, duties and responsibilities as the other members of the board. Under Danish law, employees have the right to elect a number of representatives and alternates, corresponding to half of the representatives elected by the Annual General Meeting at the time of calling the election of employee representatives.
All board members elected at the Annual General Meeting are up for election each year, whereas employee representatives are elected by and from among the company’s employees for four-year terms.
A minimum of six ordinary board meetings as well as one conference for the Board of Directors are held each year. In 2018, we had seven board meetings and one conference for the Board of Directors.