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 pay, the Group Executive Board can earn a performance-based bonus.
In 2020, CEO Mikael Thinghuus received a bonus of DKK 1.0 million concerning 2019, equivalent to fulfilment of the objectives at 35%. The total remuneration in 2019 thus amounted to DKK 5.5 million.
The Executive Board members also receive a free company vehicle, telephone, Internet and newspaper subscription. The Executive Board do not have any pension, severance or retention schemes.
CEO Mikael Thinghuus and Group Production Director Lars Nielsen are subject to 18 months’ notice of termination by the company, and must themselves give six months’ notice of termination. CFO Nils Duus Kinnerup and Group Sales and Marketing Director Bruno Olesen are subject to 12 months’ notice of termination by the company, and must themselves give six months’ notice of termination.
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 2020
- Interim report 2020.pdf
- Annual report 2019
- Interim Report 2019
- Annual report 2018
- 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 2019.