Arla Foods Annual Report 2020
Management Review
Our Strategy
Governance data
Our Brands and Commercial Segments Our Responsibility Our Governance Our Performance Review Our Consolidated Financial Statements Our Consolidated Environmental, Social and Governance Data
3.1 GENDER DIVERSITY-BOARD OF DIRECTORS
Governance data
3.2 BOARD MEETING ATTENDANCE
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 by 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 2020, 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
2019, Arla set a 4-year target to achieve a female
representation on the Board of Directors of at least
13 per cent.
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.
In 2020, board attendance increased to 99 per cent
from 96 per cent last year. Information on board
members can be found on page 42 to 44.
ESG Table 3.2 Board meeting attendance
2020
2019
2018
2017
2016
ESG Table 3.1 Gender diversity on Board of Directors
2020
2019
2018
2017
2016
Number of meetings
Share of females on Board of Directors
13%
13%
13%
12%
7%
Attendance
10
99%
10
96%
13
99%
9
99%
9
98%
Accounting policies
The gender diversity ratio is calculated based on the
members of the Board of Directors elected by the
general meeting and excludes employee representa-
tives and advisors to the Board of Directors.
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Accounting policies
The board meeting attendance ratio is calculated as the
sum of 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.
132 ARLA FOODS ANNUAL REPORT 2020View entire presentation