It is Aalborg Portland Holding’s policy to ensure that the Group is at all times managed in an orderly and proper manner in accordance with the laws of the countries in which it operates, and also to ensure compliance with the requirements of the parent company, Cementir Holding N.V.

The Group’s corporate governance also builds, among other things, on the Danish Companies Act, IFRS, the Danish Financial Statements Act and the company’s articles of association.
Aalborg Portland Holding’s Board of Directors and Executive Board strive constantly to ensure that the Group’s management structure and control systems are appropriate and effective. Internal procedures have been formulated and are regularly updated in order to ensure active, reliable management and profitable operation of the Group.

The Executive Board + Internal audit + The Board of Directors + Audit + Management structure + Annual General Meeting +
  • Annual General Meeting

    Annual General Meeting

    The Annual General Meeting has the supreme authority in all company matters. The ordinary general meeting shall be held each year after expiry of the financial year so that the adopted annual report can be submitted to the Danish Business Authority no later than five months from the end of the financial year.

  • Management structure

    Management structure

    Aalborg Portland Holding has a two-tier management system consisting of the Board of Directors and the Executive Board, including the CEO and CFO. The Board of Directors sets out the general direction for the company by approving strategies and targets, and the Executive Board develops and executes the strategy and handles the day-to-day management.

  • The Board of Directors

    The Board of Directors

    The company is managed by the Board of Directors. The part of the Board of Directors elected by the general meeting consists of between 3 and 9 members as determined by the general meeting and is elected for the duration of one year at a time. Re-election may take place.

    The Board of Directors has the overall responsibility for the company’s activities and appoints a Chairman and a Vice-Chairmen from among its members.

    The Board of Directors meets as often as the chairman of the board finds it appropriated or upon the request of one of the other members of the board.

  • The Executive Board

    The Executive Board

    The Board of Directors appoints one or more executives to supervise the day-today management. The Board of Directors lays down particulars concerning the competence of the Executive Board.

    The Executive Board


  • Audit


    The auditors safeguard the interests of the shareholders and the public. At the Annual General Meeting an independent auditing firm is elected to perform the audit tasks in the period until the next Annual General Meeting.

  • Internal audit

    Internal audit

    Through the parent company Cementir Holding the Aalborg Portland Holding Group has an internal audit function which reports directly to the Chairman of the Board of Directors and which is part of Cementir Holding’s internal audit function.

    The internal audit function reviews the Group’s risk management and business systems, and analyses and reviews reporting by the external audit function, management reporting, etc. Planning and reporting take place in accordance with the requirements of the parent company.

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