Maconomy’s board and management support the Nørby committee’s recommendations.
Maconomy complies with most of the recommendations due to the legal structure of the company, our focus on information and investor relations. The Board believes that the primary goal is a professional and competent Board, which works in the interest of all shareholders. The composition of the Board is evaluated several times a year and Maconomy sees the composition of the Board as an important management parameter enabling the company to manage the Maconomy business in an efficient and professional manner.
The Maconomy Board meets at least four times a year and has a yearly strategy seminar, where strategic plans and goals are presented to the Board by the Management team. In 2007, the Board held 9 board meetings and a small number of brief telephone meetings. In addition, a two-day strategy seminar was held in June focusing on the next strategy period from 2009-2011 and software development in a long-term perspective. The preparation of the strategy plan, which was presented on 6 December 2007, was initiated at this meeting.
In connection with the annual report all risks in the company are evaluated, including a run through of the company's insurance coverage. The Board of Directors has a yearly self-assessment session where the work of the Board is evaluated.
The annual report for 2007 contains a more detailed corporate governance section.
