Corporate structure & governance
"Royal Greenland is a network of locations, cultures and functions – together we maximize the commercial value of seafood from the North Atlantic" Mikael Thinghuus, CEO
Royal Greenland is a large and complex organisation with subsidiaries in a number of countries around the world. In this section, you can learn more about the Royal Greenland Group.
Executive Board compensation
In addition to the fixed salary, the Group Executive Management can earn a performance-based bonus.
The maximum bonus available to the CEO in 2018 was DKK 2.87 million. The fulfilment of targets for the year was 65%, and thus a bonus of DKK 1.86 million was paid. Total compensation to the CEO thus amounted to DKK 6.33 million.
In 2017, the maximum bonus available was DKK 2.79 million, and the fulfilment rate was 50%, resulting in a bonus payment of DKK 1.40 million. Total compensation thus amounted to DKK 5.74 million.
The CEO also receives a free company vehicle, telephone, internet and newspaper subscription.
The CEO does not receive any pension contributions, and there is no severance scheme or retention scheme.
The company must give the CEO 18 months’ notice of termination, and the CEO must provide 6 months’ notice of resignation.
Notifications from Management
Below you will find documents stating significant organisational changes in the form of notifications to the Danish Commerce and Companies Agency pursuant to Section 157b of the Companies Act in the form that the Act applies to Greenland.
- Annual report 2018.pdf
- Interim Report 2018
- Annual report 2017
- Interim Report 2017
- Annual Report 2015-16
- Interim Report 2015-16
- Annual Report 2014-15
- Interim Report 2014-15
- Annual Report 2013-14
- Interim Report 2013-14
- Annual Report 2012-13
- Notice of Sale - Whv June 2013
- Interim Report 2012-13
- Annual Report 2011-12
- Interim Report 2011-12
- Annual Report 2010-11
- Interim report 2010-11
- Annual Report 2009-10
- September 2010 - New CEO
Articles of association
Below, the current Articles of Association of the parent company Royal Greenland A/S are presented.
Ownership and associated companies
Royal Greenland is a limited liability company and 100 % of its shares are owned by the Greenlandic Government. Below is a summary of the companies owned or partly owned by the parent company, Royal Greenland A/S.
* Members elected by the employees
The total remuneration to the company’s board of directors amounted to DKK 2.2 million in 2018.