annual report 2020 - Flipbook - Side 19
INDUSTRIENS PENSIONSFORSIKRING A/S ANNUAL REPORT 2020
OWNERSHIP, MANAGEMENT AND REMUNERATION POLICY
Board of Directors
Gender mix
Remuneration policy
The Board of Directors is composed of 14
members. Of these, 12 members are appointed
by the shareholder groups behind the pension
scheme, and two are appointed by the merged
pension funds PNN PENSION and PHI pension.
The Board of Directors has adopted target
figures and policies for the gender mix in the
Board of Directors and at other managerial
levels. Target figures have been set so that a
gender is considered to be underrepresented in
the Board of Directors if it is represented by less
than 20%. For other management levels, the
target figure has been set at 40%.
The Board of Directors sets the pay policy each
year to promote sound and effective risk
management.
The Chairman of the Board is Mads Andersen,
who is also chairman of the manufacturing
industries group at 3F and vice president of the
Central Organisation of Industrial Employees
The Deputy Chairman is Kim Graugaard, who is
the vice CEO at the Confederation of Danish
Industry. The Board of Directors has set up an
audit committee, an investment committee, a
remuneration committee and a committee for
responsible investment. The management
responsibilities of the Board of Directors,
including representation on these committees is
described on page 53.
Board of Management and day-to-day
management
Board of Management
Laila Mortensen, CEO
The responsibilities of the Board of
Management are described on page 52.
The day-to-day management comprises:
Laila Mortensen, CEO
Joan Alsing, COO
Peter Lindegaard, CIO.
The chief actuary is:
Rikke Sylow Francis, deputy director
The current 13 members of the Board of
Directors of Industriens Pension comprise 2
women and 11 men. Consequently, the share of
the underrepresented gender does not meet the
target gender mix stipulated for the Board of
Directors.
When recommending future members for
election to the Board of Directors, the Board of
Directors will therefore recommend a person of
the under-represented gender, unless another
candidate is considered to be more qualified for
nomination for election to the Board of Directors.
The Board of Directors will strive to achieve the
target figure by no later than 30 June 2022.
With regard to other management levels executive directors, heads of department and
team leaders with management responsibility the mix at the end of 2020 was eight women and
15
men,
which
means
women
are
underrepresented. Future recruitments will take
this into account as one of the aspects
determining the final choice.
According to the pay policy, no pay agreements
that include variable pay elements will be
entered into with the Board of Directors, the
Board of Management or other employees
whose activities significantly influence the risk
profile of Industriens Pension.
The pay policy has been approved by the
general meeting.
More information is available in Industriens
Pension’s remuneration report for 2020 on the
company website.
Corporate governance
For more information about corporate
governance, see www.industrienspension.dk.
Organisational links
Industriens Pension is a member of the Danish
Insurance Association, the Danish Employers'
Association for the Financial Sector, the Danish
Insurance Complaints Board and PensionsInfo.
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