Our Corporate Governance Model
On this page you can find information about our governance model and our corporate governance reporting.
Governance Model
To the Board, corporate governance is an ongoing process which supports value creation and accountable management, thereby contributing to the company’s long-term success. The Board believes that having an open and transparent corporate governance structure ensures the company is managed and monitored responsibly, which in turn builds confidence among investors, business partners, financial markets, customers, employees, and the general public.
A fundamental element of Vestas Wind Systems A/S’ corporate governance system is its two-tier management structure. This structure provides a clear, transparent, and effective separation between the responsibilities of the Board and Executive Management Team. It also helps to clearly distinguish their tasks in connection with the management of the company’s affairs.
Recommendations for Corporate Governance in Denmark
We operate in a market where renewables generally, and wind power specifically, have been defined as critical infrastructure. In an environment characterised by high demand, clear and well-considered management is especially important.
Pursuant to Danish regulation and the rules of Nasdaq Copenhagen, listed companies must state their position to the Danish Corporate Governance Committee’s recommendations by using the “comply or explain” principle.
We report on Vestas’ corporate governance annully and in accordance with section 107b of the Danish Financial Statements Act.
Vestas’ position with regard to each individual recommendation is described in our Corporate Governance Reports. In 2024, we complied with all recommendations.
