Evaluation of Board of Directors - NKT Holding A/S
NKT Holding continuously strives to increase the quality of the work of the company’s Board of Directors. When carrying out the annual evaluation of its work in 2009 the Board therefore commissioned the assistance of an external firm of consultants.
The aim of the evaluation was to recognize existing strengths and to identify areas that could be spotlighted by the Board in the future.
The evaluation comprised individual interviews with the Board members and the management, and the conclusions were presented in a report that was discussed at a subsequent Board meeting.
“The evaluation shows that the Board of NKT Holding is characterized by an excellent and open work climate which ensures efficient cooperation and where good use is made of the overall competence and broad experience of the Board members. The Board’s work performance is based on a comprehensive overall view.
At NKT Holding, as at many other companies, the global financial crisis has influenced the work of the Board, with a deeper commitment to certain areas, particularly the financial domain.
Traditionally, a significant part of the work of the Board has been focused on strategy, and the Board is committed to increasing still further the amount of time devoted to strategic issues.
"The cooperation among Board members has in recent years become more actively and offensively oriented. Visits to the Group’s businesses have provided the Board with a better understanding of NKT’s diverse activities and fostered closer acquaintance among the Board members”, says Wilhelm Sandels of the business consultants NORFALCK.
The evaluation report perceives a genuine and active commitment among the Board members.