Corporate Governance

Being a company listed on the regulated market of NASDAQ OMX Copenhagen A/S, CPH is committed to a code of corporate governance prepared by the Committee on Corporate Governance in Denmark. The code, entitled Recommendations on Corporate Governance, is available at www.corporategovernance.dk.

The position CPH takes on each of the recommendations is described in the “Statement on Corporate Governance 2010”. The recommendations specify that it is equally legitimate for a company to provide an explanation, as to comply with a specific recommendation, as the key issue is to create transparency in corporate governance matters.

In the statement, the main elements of CPH’s internal control and risk management systems in relation to the financial reporting process are discussed and reported.

CPH has one Board Committees: The Audit and Risk Management Committee.

CPH has a board committee / committees: Audit and Risk Committee. Terms of reference for the committee are listed below. Description of the meetings and activities of the committee in the past year are described below. Names of members and information about members of the Board Committee are listed under "Investor / Organisation / Board Committee".

CPH’ general guidelines for remuneration of the Board of Directors and Executive Management of CPH are described below.