LEADERSHIP

Board of Directors of ISS A/S

All board members are independent, except for the employee representatives.

CHAIR

Niels Smedegaard

DEPUTY CHAIR

Lars Petersson

MEMBER OF THE BOARD

Valerie Beaulieu

MEMBER OF THE BOARD

Kelly Kuhn

MEMBER OF THE BOARD

Søren Thorup Sørensen

MEMBER OF THE BOARD

Ben Stevens

MEMBER OF THE BOARD

Cynthia Mary Trudell

MEMBER OF THE BOARD

Nada Elboayadi (E)

MEMBER OF THE BOARD

Joseph Nazareth (E)

MEMBER OF THE BOARD

Elsie Yiu (E)

BOARD COMMITTEES

Audit and Risk Committee

The Audit and Risk Committee evaluates the external financial reporting, significant accounting policies as well as significant accounting estimates, and reviews and monitors the Group’s risk management, internal controls and business integrity matters. It also monitors the Group internal audit function and evaluates the Financial Policy, the Dividend Policy and the Group Tax Policy. In addition, the Audit and Risk Committee monitors and considers the relationship with the independent auditors, reviews the audit process and the auditors’ long-form audit report and makes recommendations on appointment of auditors to the Board.

The Audit and Risk Committee held seven meetings in 2021.

In 2021, the Audit and Risk Committee continued to focus on evaluating the application of the Group’s accounting policies, the use of significant accounting estimates as well as material risks associated with the financial reporting, including the system of internal controls. The Committee also reviewed the Speak Up (whistleblower) system and business integrity matters. The Charter for the Audit and Risk Committee was reviewed and updated, including in respect of Group Internal Audit’s charter and resources.

The members of the Audit and Risk Committee are considered independent based on the definition outlined in the Danish Corporate Governance Recommendations.

CHAIR

Ben Stevens

MEMBER OF THE BOARD

Valerie Beaulieu

MEMBER OF THE BOARD

Søren Thorup Sørensen

BOARD COMMITTEES

Remuneration Committee

The Board of Directors (Board) has established a remuneration committee (Remuneration Committee or the Committee). The Committee provides oversight in preparing the Remuneration Policy. It evaluates and makes recommendations for the remuneration of the Board and the Executive Group Management Board (EGMB) members. It also approves the remuneration of the Executive Group Management (EGM).

The Committee reviews the Remuneration Policy at least once a year and ensures that the remuneration complies with the Remuneration Policy.

The Committee may engage independent external advisers to advise the Committee in matters relating to remuneration and other related matters comprised by the tasks of the Committee.

The Remuneration Committee held eleven meetings in 2021.

In 2021, the Remuneration Committee continued its focus on evaluating the remuneration of the Board and EGMB, including the Short Term Incentive Program for 2021 (STIP) and the Long Term Incentive Program for 2021 (LTIP). In addition, the Committee evaluated the Remuneration Policy and the Remuneration Report.

The activities of the Remuneration Committee for 2021 are further described in the Remuneration Report.

The members of the Remuneration Committee are considered independent based on the definition outlined in the Danish Corporate Governance Recommendations.

CHAIR

Cynthia Mary Trudell

MEMBER OF THE BOARD

Niels Smedegaard

MEMBER OF THE BOARD

Kelly Kuhn

BOARD COMMITTEES

Nomination Committee

The Nomination Committee assists the Board of Directors with ensuring that appropriate plans and processes are in place for nomination of candidates to the Board of Directors and the Executive Group Management Board and evaluating the composition of these boards. Furthermore, the Nomination Committee makes recommendations for nomination or appointment of members of the Board of Directors, the Executive Group Management Board and the committees established by the Board of Directors.

The Nomination Committee held 14 meetings in 2021.

The members of the Nomination Committee are considered independent based on the definition outlined in the Danish Corporate Governance Recommendations.

CHAIR

Niels Smedegaard

MEMBER OF THE BOARD

Cynthia Mary Trudell

MEMBER OF THE BOARD

Kelly Kuhn

BOARD COMMITTEES

Transaction Committee

In 2021, the Transaction Committee reviewed certain large customer contract bids, commercial bid review process and standard, commercial pipeline, divestments and made relevant recommendations in this respect to the Board of Directors.

The members of the Transaction Committee are considered independent based on the definition outlined in the Danish Corporate Governance Recommendations.

CHAIR

Ben Stevens

MEMBER OF THE BOARD

Niels Smedegaard

DEPUTY CHAIR

Lars Petersson

MEMBER OF THE BOARD

Valerie Beaulieu

Board evaluations

The Board of Directors of ISS A/S conducts annual Board evaluations. A description of the annual Board evaluation procedure and the general conclusions are included in the Statutory Corporate Governance Reports of ISS A/S from 2017. The Statutory Corporate Governance Reports of ISS A/S can be found in the link below.

View reports

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