Governance and CSR
The management model and organization in Columbus is adapted on an ongoing basis so that the company is equipped to the best possible extent to manage its obligations to shareholders, customers, employees, authorities as well as other interested parties. In this process, Columbus uses the recommendations about Corporate Governance from NASDAQ Copenhagen as an important source of inspiration.
Governance documents and policies
Statutory reports on Corporate Governance
The Board of Directors is fundamentally in total agreement with NASDAQ OMX Copenhagen's recommendations about good company management. Columbus endeavors to follow the relevant recommendations for the Company, which support the business and ensure value for the Company's interested parties.
Remuneration policy, including guidelines for incentive programs
In accordance with Section 139b of the Danish Companies Act, the Board of Directors of a listed company must, before entering into a specific incentive agreement with a member of the Board of Directors or the Executive Board, specify remuneration and overall guidelines for the company's incentive programs for the Board of Directors and Executive Board.
The overall guidelines must be considered and adopted by the general meeting of the company before being put into practice in specific agreements with the concerned executives.
The guidelines for incentive programs were adopted at the general meeting on 24 April 2018.
Investor Relations Policy
Columbus endeavors to provide a high and consistent level of information to our shareholders and other interested parties. A company goal is to have an open and active dialogue with shareholders, share analysts, the press and the public in order to ensure the necessary insight and thereby the best possibility to evaluate the Company. This will be obtained in accordance with rules and legislation for companies listed on NASDAQ Copenhagen A/S.
The Investor Relations and Information Policy was adopted by the Board of Directors on 23 August 2016.
It is Columbus' objective to ensure attractive, long-term returns via a combination of dividend distribution and a positive price development of the share. Thus, on 25 April 2014 the Board of Directors adopted a dividend policy.
On 3 November 2015, the Board of Directors adopted a whistleblower reporting policy which makes it possible for employees, former employees, customers, suppliers, business partners, shareholders and other stakeholders to report any suspected unlawful activity or unethical misconduct in the Columbus Group.
The Board of Directors wants equal opportunities for both genders in the Company's executive management level and believes that diversity provides business value.
In 2016 the Board of Directors adopted new targets in order to increase the proportion of women in the Board of Directors and at management level. The targets and action plans are reviewed and updated once a year.
Articles of Association
Download the latest Articles of Association adopted at the Board Meeting held on 25 April 2018.
Terms of reference for the Audit Committee
In 2009 the Board of Directors appointed an Audit Committee, the purpose of which is to supervise accounting, audit, risk and controlling issues. The Audit Committee consists of the members Sven Madsen and Peter Skov Hansen (Chairman of the Audit Committee) who is also an independent member of the Board of Directors. The tasks of the Audit Committee have been determined in a Terms of Reference (in Danish only) which has been approved by the by the Board of Directors on 7 June 2017.
In 2012 Columbus decided to partner with the United Nations Global Compact in order to enforce our CSR actions and show internally and externally, that we work determinedly to promote a sustainable development and healthy business operation. In 2013 we formed our first CSR strategy.