The annual reports of companies listed in Denmark must include a description of their diversity policy for management, under amendments to the Danish Financial Statements Act (Regnskabsloven) (Danish) that take effect 1 Jan 2020. The law transposes provisions of the EU directive 2013/34/EU. The changes aim to ensure that companies’ management bodies comprise sufficient diversity of views and expertise to avoid so-called group think.
All listed companies exceeding Accounting Class “C” must apply the policy when they meet at least two of the following criteria for two consecutive financial years:
The policy must cover several diversity factors, including age, gender, educational and business background, geographical origin, international experience and socio-economic background.
The statement included in the annual report must contain information about:
