Board of directors
J. Lauritzen has a two-tier management structure consisting of a non-executive Board of Directors and an Executive Management. The core task of J. Lauritzen’s Board of Directors is to ensure that the company’s overall business strategy is consistent and that the Group’s capital structure is appropriate. The focus is on risk management and internal control and the Board of Directors ensures that an annual strategic plan and budget is drawn up and approved and that monthly and quarterly reports are submitted. The Board of Directors are supported by two permanent committees: An Audit Committee and a Nomination and Remuneration Committee.