The Board of Directors is the supreme governing body of the foundation and the DNV Group and exercises all governing functions that it has not explicitly vested in other governing bodies or committees of the Foundation.
The Board receives bi-monthly reports from the Group CEO. The Board also has a yearly review of the report that DNV’s Executive Council submits to the UN Global Compact on identification and management of economic, environmental and social performance of the organisation.
The Board is composed to ensure that it operates independently of any particular interests. It consists of the Chairman and nine members. Six of these are non-executive directors elected from different business sectors served by DNV. Four members are elected by and among the DNV employees globally.
All Board members elected by the Council are autonomous and independent of DNV’s corporate executive management. The CEO is not at member of the Board of Directors. The term of office for members of the Board of Directors is two years. 40% of the Board members are women.
The Board performs a self-assessment at the end of each Board meeting. In addition, the Board performs a review in the form of either a self-assessment or an assessment by an external advisor on an annual basis. The Election Committee may also initiate a review of the Board. The Board has commissioned a review of the corporate governance at DNV. As part of the follow-up of that review, the Board will also consider whether assessments of the Board’s performance is to be more specifically linked to environmental, social and financial performance indicators in the future.
Members of the Board of Directors
- Leif Arne Langøy (Chairman)
- Morten Ulstein (Vice Chairman)
- Thomas Rehder
- Frances Morris-Jones
- John H. Wiik
- Hilde Tonne
- Sille Grjotheim (employee)
- Mette Bandholtz (employee)
- Odd Sund (employee)
- Wei Chen (employee).