Arla Foods Consolidated Annual Report 2021
134
Arla Foods Consolidated Annual Report 2021 / Environmental, social and governance (ESG) data / Notes
Governance data
3.1 GENDER DIVERSITY BOARD OF DIRECTORS
Governance data
3.2 BOARD MEETING ATTENDANCE
Contents
ODD SHARE OF FEMALES UNCHANGED FROM LAST YEAR
Gender diversity on the Board of Directors is important,
partly to ensure that both genders are represented at a
high level, and partly to bring a variety of perspectives
to the business. Ensuring gender diversity on the Board
of Directors is also a legal requirement in Denmark.
The current Board of Directors consists of 15 farmer
owners, three employee representatives and two
external advisors, where only owner representatives are
elected by the Board of Representatives at the general
meeting. Four of these 20 board members are female,
reflecting a ratio of 20 per cent female and 80 per cent
male which is unchanged compared to last year. In
accordance with section 99b of the Danish Financial
Statements Act, only members elected by the Board of
Representatives can count in the Board of Directors
figure. In 2021, two of the 15 farmer owners on the
Board of Directors were female which equates to a
composition of 13 per cent female and 87 per cent
male, which is unchanged compared to last year.In
2021, Arla set a new four-year target to achieve a
female representation on the Board of Directors of at
least 20 per cent. In 2021, the target was not achieved.
In 2021, board attendance remained at the same level
last year. Information on board members can be found
on pages 42-44.
MEETING ATTENDANCE REMAINS HIGH
Attendance at the board meetings by the members
of the Board of Directors ensures that all Arla's owners
and employees are represented when important
strategic decisions are made. Arla's board members are
very dedicated, and as a general rule all board members
attend all meetings unless they are prevented from
doing so due to health reasons.
ESG Table 3.2 Board meeting attendance
2021
2020
2019
2018
2017
Number of meetings
Attendance
ESG Table 3.1 Gender diversity on Board of Directors
2021
2020
2019
2018
2017
Share of females on the Board of Directors
13%
13%
13%
13%
12%
12
98%
10
99%
10
96%
13
99%
9
99%
Accounting policies
The gender diversity ratio is calculated as the share of
female members as at 31 December. It includes only
members of the Board of Directors elected by the
general meeting and excludes employee representatives
and advisors to the Board of Directors.
Accounting policies
The board meeting attendance ratio is calculated as
the sum of regular board meetings attended per board
member and the total possible attendance.
The current Board of Directors consists of three
employee representatives, two external advisors and 15
owners. When calculating board meeting attendance,
all 20 board members are included.
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