The following items were considered and approved at Sydbank’s Annual General Meeting on 20 March 2025:
- The directors’ report, the annual report for 2024 and the recommendation for the allocation of profit. Sydbank will distribute as dividend DKK 26.88 per share and donate DKK 18 million to the sponsorship fund Sydbank Fonden.
- Remuneration Report 2024.
- Election of 6 members and re-election of 14 members to the Shareholders’ Committee, which now counts 65 members
- Appointment of PwC Statsautoriseret Revisionspartnerselskab as auditor for financial reporting and for sustainability reporting assurance engagements.
- Board fees for 2025.
- Remuneration policy.
- Capital reduction of DKK 33,839,600 by cancelling 3,383,960 shares of DKK 10 each and resulting amendment to Article 2(1) of the Articles of Association.
- Insertion of a new item 5 in Article 8(2) of the Articles of Association: “Approval of the remuneration of the Board of Directors for the current financial year.”
- Deletion of the latter part of Article 14(3) of the Articles of Association: “and determines their remuneration”.
- Renewal of the authorisation to the Board of Directors to acquire own shares at a total value of up to 10% of the Bank’s share capital.
The proposal submitted by shareholder Steffen Rojahn was not adopted.
At the Shareholders’ Committee meeting which took place after the Bank’s AGM, Lars Mikkelgaard-Jensen and Henrik Hoffmann resigned from the Board of Directors.
The other board members elected by the Shareholders’ Committee were re-elected and 2 new members were elected:
- Aksel Bjørn Møller, CIO, 62. Aksel has a Master of Science in Industrial Engineering and Management from DTU, the Technical University of Denmark. Aksel is CIO at Danish life insurance company Industriens Pensionsforsikring and has more than 25 years’ experience from the IT industry.
- Brian Østergaard Roed, Chief Credit Risk Officer, 48. Brian has a Master of Science in Applied Economics and Finance from Copenhagen Business School. Brian is Chief Credit Risk Officer at the Export and Investment Fund of Denmark (EIFO).
Consequently the Board of Directors consists of the following 8 members elected by the Shareholders’ Committee: Ellen Trane Nørby, Søren Holm, Gitte Poulsen, Janne Moltke-Leth, Jon Stefansson, Susanne Schou, Brian Østergaard Roed and Aksel Bjørn Møller as well as the following 4 members elected by the employees: Jarl Oxlund, Jørn Krogh Sørensen, Carsten Andersen and Pia Wrang.
The Board of Directors elected Ellen Trane Nørby as its chairman and Søren Holm as its vice-chairman.