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About KommuneKredit Governance

Governance


KommuneKredit is organised as an association, whose members are the local authorities which have loans or guarantees outstanding.

The members elect a Board of Directors to determine general policy and to approve major decisions. The Board of Directors has nine members of whom two are elected by the regions and six by the municipalities and one independent member. The normal term of office for the Board of Directors is four years. The Board of Directors normally meets four times a year.

The following are the current Board of Directors:

 

 

  • Mr. Erik Nielsen, Municipality of Rødovre, Chairman,

  • Mr. Lars Krarup, Municipality of Herning, Vice-Chairman,

  • Mr. Hans Toft, Municipality of Gentofte,

  • Mr. Henrik Zimino, Municipality of Tårnby,

  • Mr. Anker Boye, Municipality of Odense,

  • Mr. Mikael Klitgaard, Municipality of Brønderslev,

  • Mrs. Sophie Hæstorp Andersen, The Capital Region of Denmark,

  • Mrs. Anne V. Kristensen, Central Denmark Region, and

  • Mr. Kaj V. Holm, independent member.


KommuneKredit's management is headed by two managing directors, both of whom are appointed by the Board of Directors and one of whom is also Chief Executive Officer. The management is authorised to make all decisions relating to the daily business.

The following are the members of Management:

 

 

  • Mr. Jens Lundager, Chief Executive Officer and Managing Director
  • Mr. Johnny Munk, Managing Director

The Board of Directors appoints one or two auditors approved by the Ministry of Economic Affairs and the Interior, at least one of whom must be a state-authorised public accountant. A further auditor is appointed by the Ministry of Social Affairs and the Interior and is in particular responsible for checking that KommuneKredit operates within all relevant legal and regulatory constraints which include the requirement that quarterly summary management accounts be submitted to the Ministry of Economic Affairs and the Interior. The present auditors are Mr. Torben Bender and Mr. Hans Peter Lindegård Buhrkal (state-authorised public accountants) of Ernst & Young and Mr. Emil le Maire, Former Prefect, appointed by the Ministry for Economic Affairs and the Interior.
 

 

 


Get more information at Management
  KommuneKredit
Kultorvet 16
1175 Copenhagen K
Denmark
 
 
Phone: 
Fax:

 
+45 3311 1512
+45 3391 1521
   

www.kommunekredit.com
e-mail: kk@kommunekredit.dk
  KommuneKredit
Kultorvet 16
1175 Copenhagen K
Denmark
 
 
Phone: 
Fax:

 
+45 3311 1512
+45 3391 1521
   

www.kommunekredit.com
e-mail: kk@kommunekredit.dk