Management and governance

The management team is led by Michel Jumeau. The board has nine members, three of whom are elected by the employees. Meet them here.

Read our corporate governance Read our corporate governance

Management

Board of Directors

Corporate governance

TDC NET is a privately held company, ultimately owned by three Danish pension funds, ATP, PKA and PFA comprising 50% of the ownership, with international infrastructure investment funds managed by Macquarie Group comprising the other 50% of the ownership. Our ultimate shareholders exercise their rights at the Annual General Meeting through a holding company, TDC Holding A/S, which owns 100% of TDC NET Holding directly, and TDC NET A/S indirectly. TDC NET reports on the Danish Corporate Governance Recommendations to create further transparency for investors and other stakeholders. This document is available on our document section here.

Board of Directors

TDC NET Board of Directors consists of 9 members, 6 elected by the General Meeting and 3 elected by the employees.

Each year at the Annual General Meeting, our shareholder elects 6 members to the Board of Directors for a term of one year. Board members may be re-elected. In addition, our employees elect 3 members, pursuant to Danish mandatory rules, every four years.

The Board of Directors is responsible for the overall and strategic management of the company and appoints an Executive Committee comprising the CEO and CFO.

The Board of Directors has a balanced gender distribution, as 3 of the 6 board members elected by the shareholder are female and the other 3 board members are male. Thus, the Board of Directors have not set a new target for gender distribution in the Board of Directors, but the Board of Directors will maintain focus on a diverse Board.

Board Committees

The Board of Directors has established three Board Committees to assist the Board. Read more about the committees here:

Audit Committee

The Audit Committee assists TDC NET’s Board of Directors in monitoring accounting, auditing, and risk matters, including the financial and sustainability reporting. The Chair possesses qualifications within accounting and auditing and the Committee have competencies relevant to the telecommunication industry. The Committee’s tasks are described in the Mandate.

Compensation and Nomination Committee

The Compensation and Nomination Committee prepares decisions for the Board of Directors regarding remuneration of the Board of Directors and the executive management and nomination of candidates for the Board of Directors and the executive management. Lastly, the Committee reviews TDC NET’s activities to ensure the relevant diversity in TDC NET. The Committee’s tasks are described in the Mandate.

Health and Safety Committeet

The Health and Safety Committee assists the Board of Directors oversees the Health & Safety management in TDC NET. The Committee’s tasks are described in the Mandate.

Composition of the Committees

Board member	Audit Committee	Compensation and Nomination Committee	Health and Safety Committee
Henrik Clausen
Frank Hyldmar	-
Susana Leith-Smith
Geoffrey Shakespeare	-	-	-
Gabriela Styf Sjöman	-	-	-
Susanne Juhl			-
Casper Moser	-	-	-
Helle Schultz	-	-	-
Pernille Bloch	-	-	-