Good foundation governance

The foundation has given consideration to the Recommendations on Foundation Governance issued by the Committee on Foundation Governance. We are following the recommendations with these two exceptions:

• Recommendation 2.5.1, which recommends that the board members be appointed for a minimum period of two years and a maximum period of four years. In accordance with the charter, the board´s members are elected for five years.
• Recommendation 2.3.5, which recommends that the majority of the board members are not also members of the board or management of the foundation's subsidiaries.
  The Carlsberg Foundation follows the recommendation in relation to the subsidiary Carlsberg A/S, where two of the foundation's five board members are represented on the board of Carlsberg A/S.
  The Carlsberg Foundation does not follow the recommendation in relation to the foundation's subsidiaries: Carlsberg Akademi, Faxehus, Carlsbergfondets Forskerboliger, Dantes Plads 3, Ny Kongensgade 20 and CF Komplementarselskab, where the board of directors of these companies consists of the same members as the board of the Carlsberg Foundation.

Our awards

The general principles for the Carlsberg Foundation’s awarding of funding are set out in our charter. Our awards are effected through four departments: the Carlsberg Research Laboratory (department A), support for basic research (department B), Frederiksborg • Museum of National History (department C) and the Tuborg Foundation (department D).

Each year, the board of directors determines the total level of awards based on expectations of the foundation’s overall financial results.

Policy on engaged ownership

The historical basis of the Carlsberg Foundation’s ownership of Carlsberg A/S and its connection to the company is essential to the foundation’s policy on committed ownership. The foundation exercises committed ownership with respect for the fact that Carlsberg A/S is a listed company with a considerable number of non-controlling shareholders.