Who makes up the senior management of Danmarks Nationalbank?
Danmarks Nationalbank’s management consists of a Board of Governors, a Committee of Directors and a Board of Directors.
Who makes up Danmarks Nationalbank’s Board of Governors?
Danmarks Nationalbank’s Board of Governors consists of three members. Governor Christian Kettel Thomsen is Chairman of the Board of Governors and Governor by Royal Appointment, i.e. in effect appointed by the Danish government. The two other members of the Board of Governors are Ulrik Nødgaard and Signe Krogstrup, who are elected by the Board of Directors following nomination by the Committee of Directors.
What are the tasks of the Board of Governors?
The Board of Governors is responsible for day-to-day management, and distributes Danmarks Nationalbank’s areas of work between them. The Board of Governors holds sole responsibility for the formulation and adjustment of monetary policy.
Who makes up Danmarks Nationalbank’s Committee of Directors?
Danmarks Nationalbank’s Committee of Directors consists of seven members. The two members of the Board of Directors appointed by the Minister for Industry, Business and Financial Affairs are permanent members. The other five members are elected by the Board of Directors from among its members, two of whom must be members of the Folketing. Members of the Committee of Directors are elected for one-year terms.
What are the tasks of the Committee of Directors?
The Committee of Directors must basically oversee the activities of Danmarks Nationalbank, including checking that the audit of Danmarks Nationalbank functions satisfactorily, and reviewing Danmarks Nationalbank’s major exposures. In addition, the Committee of Directors must make and approve nominations to the Board of Directors. As a general rule, the Committee of Directors meets ten times a year.
Who makes up Danmarks Nationalbank’s Board of Directors?
Danmarks Nationalbank’s Board of Directors has 25 members. Eight are elected by the Folketing from among its MPs, while two are appointed by the Minister for Industry, Business and Financial Affairs. The other 15 members are broadly composed geographically and professionally. Members of the Board of Directors are elected for a five-year term at a time, and may be re-elected a maximum of two times.
What are the tasks of the Board of Directors?
The Board of Directors checks that Danmarks Nationalbank complies with the Danmarks Nationalbank Act and the regulations. The Board of Directors’ responsibilities also include appointing two of the Governors, approving Danmarks Nationalbank’s financial statements, electing 15 of the members of the Board of Directors and appointing Danmarks Nationalbank’s Committee of Directors. As a general rule, the Board of Directors meets once a quarter.
How many departments does Danmarks Nationalbank have?
Danmarks Nationalbank has eight departments, including Economics and Monetary Policy, Corporate Services and Secretariat, Communications, and Strategy see link to organisational chart.
How many employees does Danmarks Nationalbank have?
At the end of 2023, the number of full-time employees was 487.