GN’s Board of Directors and Executive Management continuously strive to enhance corporate governance. In regards to management principles the Board is following the Recommendations on Corporate Governance that are part of the rules governing listed companies on NASDAQ OMX Copenhagen.

In 2010, the Danish Committee on Corporate Governance revised and extended the recommendations on corporate governance in light of the Companies Act of 2009, new rules in the Financial Statements Act and the Act on Approved Auditors and Audit Firms as well as EU Commission recommendations, including on remuneration of members of the governing bodies of listed companies. The revised and extended recommendations can be found at www.corporategovernance.dk.

The current recommendations on corporate governance include 78 recommendations which require that listed companies include a “comply or explain” section as to their compliance with the recommendations in their annual report or at their website. GN supplies its version here