Report and Accounts 1999 / 2000 - Carlsberg Group

16 Management and Corporate Governance
to promote a more constructive dialogue between
the company and the shareholders and between
the company and the financial analysts. The
Investor Relations Programme will comprise an
increased number of meetings and presentations
for investors and analysts, and in future Carlsberg
A/S will also be more active in arranging and
participating in international “road-shows”. In
addition, the section on Carlsberg’s Internet site
concerning investor relations will be extended.
Incentive programme
In December 2000, Carlsberg A/S announced the
establishment of a share option programme for
about 40 managers in the Carlsberg Group. The
primary objective of the programme is to create an
even greater alignment of interests between the
company management and the shareholders.
Initially, the programme will run for a trial period of
two years.
The Board of Directors and
the Executive Board
In the past financial year, the composition of the
Board of Directors was changed as the deputy
chairman, Director Erik B. Rasmussen, resigned at
the Annual General Meeting on December 9, 1999
due to the age clause applying to board members.
President and CEO Henning Dyremose was
elected as a new board member and the board
elected Professor D.Econ. Poul Chr. Matthiessen
as chairman and Managing Director Palle Marcus
as deputy chairman.
At the end of January 2000, Group Managing
Director Walther Paulsen resigned and Group
Managing Director Jørn P. Jensen took up his position
at the beginning of May 2000.
On 31 May 2000, in connection with the establishment
of Carlsberg Breweries A/S, it was announced
that the Board of Directors of Carlsberg
Breweries A/S will consist of eight representatives
elected by the shareholders. Five of these representatives
will be appointed by Carlsberg A/S. It
was also announced that the Executive Board of
Carlsberg Breweries A/S will consist of President
and CEO Flemming Lindeløv as well as the Executive
Vice Presidents Nils S. Andersen, Michael C.
Iuul, Paul Bergqvist and Bjørn Erik Næss.
Subsequently, the Board of Directors decided
to appoint Group Managing Director Jørn P.
Jensen as the new CEO of Carlsberg A/S. It was
also decided that Carlsberg A/S’ five representatives
on the Board of Directors of Carlsberg Breweries
A/S will be Managing Director Palle Marcus
(chairman), Professor D.Econ Poul Chr. Matthiessen,
Managing Director Jens Bigum, President
and CEO Henning Dyremose and CEO Jørn P.
Jensen.