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Corporate Governance Principles in Denmark - Ticking a Box or Driving Shareholder Value?

October 2011
Corporate GovernanceBrewing

Abstract

Any Danish company which has its securities admitted to trading on a regulated market has been exposed to regulation on Corporate Governance throughout the last decade. The Danish Committee on Corporate Governance (“the Committee”) has issued recommendations (“the Recommendations”) for listed companies based on the so-called comply or explain principle. The principle requires companies to state either that they comply (and how the company comply) with a specific recommendation or explain why they do not follow a specific recommendation.

Author

Mike Butcher
General Counsel and Company Secretary, Veolia Environment UK Limited, UK

Michael Butcher is General Counsel and Company Secretary of Veolia Environment UK Limited, the British holding company of Veolia Environnement SA - the world's largest supplier of environmental services - and the Legal Director and Company Secretary of Veolia Water UK PLC. Previously he was Group Legal Director and Company Secretary of Eurotunnel. Prior to then he had a career in Europe and the USA in Exxon's Law Department. Michael is the External Auditor of Trinity College London, a director of Central Railway Limited and a Consultant to City of London law firm Reynolds Porter Chamberlain and to French law firm Triplet & Associes. He graduated from Keele University with a BA honours degree in Philosophy and Law and is a Barrister. Michael is a Bencher of the Honourable Society of Gray’s Inn, a past President of the Franco-British Lawyers Society and has been honoured by France and made Officier dans l'Ordre National du Merite.

Company

Veolia Environment UK Limited

Veolia Environmental Services has been present in the United Kingdom since 1990. As the leading UK waste management organisation with 2008 revenues above £1.3 billion, Veolia Environmental Services employs almost 12,500 employees across the spectrum of services in waste management and cleaning. Veolia Environmental Services is renowned for its integrated waste management and environmental services to local communities and industry. We provide a range of services including refuse collection, recycling, waste treatment and street cleansing to over 16 million customers from circa 100 Local Authorities in the UK. We operate a network of landfill sites, materials recovery facilities, transfer stations, civic amenity sites, Energy Recovery facilities and compost sites.

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