Board of Directors

Nationality: Danish

Joined the board in 1999. Latest re-election in 2013. Term of office will end in 2015.

Former CEO, Topdanmark A/S.

Other management duties, etc.: Coloplast A/S (chairman); Topdanmark A/S (chairman) and one subsidiary; Semler Holding A/S (chairman) and one subsidiary; JPMorgan Chase International Council; Museumsfonden af 7. december 1966; Louisiana – Fonden.

Not considered independent.

Nationality: Danish

Joined the board in 1991. Latest re-election in 2012. Term of office will end in 2014.

Other management duties, etc.: A.P. Møller og Hustru Chastine Mc-Kinney Møllers Fond til almene Formaal (chairman);
Maersk Broker A/S (chairman); Maersk Broker K/S (chairman); Estemco A/S (chairman).

Not considered independent.

Nationality: Danish

Joined the board in 2007. Latest re-election in 2013. Term of office will end in 2015.

CEO of William Demant Holding A/S.

Management duties in the William Demant Group:Chairman of 65 subsidiaries; William Demant Invest A/S (general manager);  Össur hf. (chairman); HIMPP A/S (chairman); HIMSA A/S (chairman); HIMSA II A/S; Sennheiser Communications A/S.

Other management duties, etc.: LEGO A/S (chairman); KIRKBI A/S (vice chairman);Thomas B. Thriges Fond (chairman).

Considered independent.

Nationality: British

Joined the board in 2008. Latest re-election in 2012. Term of office will end in 2014.

Former Chairman of HSBC Holdings Plc

Other management duties, etc.: Xstrata plc (chairman); Shui On Land Limited; International Advisory Board of Mitsubishi Corporation; China Development Forum; International Business Leaders’ Advisory Council to the Mayor of Shanghai; Kohlberg Kravis Roberts & Co. Asia Limited (chairman); Endowment Board of Qatar Foundation; Advisory Director, Northern Trust Corporation; International Advisory Council Tsinghua University School of Economics & Management; International Advisory Council Chinese Banking Regulatory Commission; International Advisory Council Central Bank of the U.A.E..

Considered independent.

Nationality: Swedish

Joined the board in 2010. Latest re-election in 2012. Term of office will end in 2014.

Former CEO, Ratos AB.

Other management duties, etc.: Bonnier Holding (chairman); Ratos (chairman); SNS (Center for Business and Policy Studies) (chairman); Einar Mattsson (chairman); Ecolean; Fortnox; Swedish Securities Council and WCPF (World's Children's Prize Foundation).

Considered independent.

Chairman of the Audit Committee of A.P. Møller – Mærsk A/S.

Nationality: Danish

Joined the board in 2000. Latest re-election in 2012. Term of office will end in 2014.

Chairman and managing partner for Care Capital LLC. Former CEO, SmithKline Pharmaceuticals.

Other management duties, etc.: American Express Company; Vaxart Pharmaceuticals; Adjunct professor at Copenhagen Business School.

Not considered independent.

Nationality: Danish

Joined the board in 1993. Latest re-election in 2013. Term of office will end in 2015.

Other management duties, etc.: A.P. Møller og Hustru Chastine Mc-Kinney Møllers Fond til almene Formaal; A.P. Møller og Hustru Chastine Mc-Kinney Møllers Familiefond (chairman); Bramsløkke Landbrug A/S (chairman); L. Møller Shipping ApS.

Not considered independent.

Nationality: Danish

Joined the board in 2008. Latest re-election in 2012. Term of office will end in 2014.

Former president, Technical University of Denmark (DTU).

Other management duties, etc.: Mogens Balslev’s Fond (chairman); Metricorr ApS (chairman); Frederiksberg Gymnasium (chairman); Technische Universität Münchens Institute for Advanced Study; Korean Advanced Institute of Science and Technology President’s Advisory Council.

Considered independent.

Nationality: Danish

Joined the board in 2008. Latest re-election in 2012. Term of office will end in 2014.

Captain (employee).

No other management duties, etc.

Not considered independent.

Nationality: Danish

Joined the board in 2010. Latest re-election in 2012. Term of office will end in 2014.

Senior mechanical engineer (employee).

No other management duties, etc.:

Not considered independent.

Nationality: Dutch

Joined the board in 2010. Latest re-election in 2012. Term of office will end in 2014.

Former Executive Director, Royal Dutch Shell plc.

Other management duties, etc.: Aegon NV (chairman); KPN NV; DSM NV (chairman); ATCO Group; AECOM.

Considered independent.

Nationality: Dansk

Joined the board in 2001. Latest re-election in 2013. Term of office will end in 2015.

CEO, Widex A/S.

Other management duties, etc.: Seven subsidiaries to Widex A/S; T & W Holding A/S and one subsidiary (chairman); Widex Holding A/S (chairman); AM Denmark A/S (chairman); GSA Invest ApS (chairman) and two subsidiaries.

Considered independent.

Member of the Audit Committee of A.P. Møller – Mærsk A/S.