It is our 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 S.p.A.dd

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'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.

Board of Directors and Executive Board

The Board of Directors is elected by the Annual General Meeting and has the overall responsibility for the company's activities. The Board of Directors and the Executive Board of Aalborg Portland are responsible for the Group's day to day operations in close cooperation with the Executive Management Team.

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 Commerce and Companies Agency no later than five months from the end of each financial year.