Arla Foods Consolidated Annual Report 2021 slide image

Arla Foods Consolidated Annual Report 2021

47 Arla Foods Consolidated Annual Report 2021 / Governance Governance framework GOVERNANCE FRAMEWORK OWNER NATIONALITIES Arla is a cooperative owned by 8,956 dairy farmers in seven countries. Ensuring that all of our owners are able to raise their voice and seek representation for their opinions is essential in a trustworthy and successful cooperative. To ensure this, Arla's cooperative governance works on democratic principles. Every second year, our owners elect members to the Board of Representatives, which in turn elects the Board of Directors. The company's governance is shared between these elected bodies and the Executive Management Team. The next election period is scheduled for spring 2022*. COOPERATIVE GOVERNANCE ç›’ DK SE OWNERS LOCAL REPRESENTATIVES * The 2021 elections were postponed to 2022 due to Covid-19. OUR BOARD AND COUNCILS CORPORATE GOVERNANCE Contents 8,956 dairy farmers LUX DE BE NL UK DISTRICTS REGIONS BOARD OF REPRESENTATIVES 175 owners + 12 employee representatives 77 DK members 50 SE members CK III 23 CE members 25 UK members Area Area council BOARD OF DIRECTORS 15 elected owners + 3 employee representatives + 2 external advisors council Area council Area council EXECUTIVE BOARD CEO + COO EXECUTIVE MANAGEMENT TEAM Executive Board + 5 officers 20,617 EMPLOYEES
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