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Corporate Governance in DFDS
DFDS’ corporate governance complies with OMX The Nordic Exchange's recommendations for good corporate governance, which became part of the disclosure requirements for companies quoted on the stock exchange as of financial year 2006.
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The Board of Directors of DFDS A/S will propose to the Annual General Meeting on 10 April 2008 new guidelines for incentive pay to members of the Executive Board. The guidelines are incorporated in Section VI, subsection 2, “Remuneration of the Board of Directors and Executive Board", reading:
2. Remuneration policy
DFDS’ remuneration policy is that payments to both management and staff correspond to work done and results achieved, as well as the conditions in comparable companies.
Board of Directors
Members of the Board of Directors receive a fixed annual fee. The amount of the fee is approved by the shareholders and disclosed in the Annual Report.
Members of the Board of Directors receive no incentive pay.
Executive Board
The remuneration paid to members of the Executive Board consists of a fixed and a variable part. The fixed pay consists of a net salary, pension contribution and other benefits. The variable pay consists of a bonus and an option scheme.
The Chairman and Vice-Chairman of the Board perform an annual review of the remuneration paid to members of the Executive Board relative to the managements of other Danish companies.
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