Board of Directors

The members of the Board of Directors receive a fixed annual fee of currently; DKK 50,000 for the members, DKK 75.000 for the vice-chairman and DKK 150.000 for the Chairman. The fee is in compliance with the owner’s recommendations for companies of the same category as Greenland Oil Spill Response. No employee representatives have been appointed to the Company’s Board of Directors. The Board of Directors in Greenland Oil Spill Response holds four ordinary Board meetings annually. The Board of Directors performs an annual “self- evaluation” and notifies the owner, the Government of Greenland of the result and its recommendation.