Board

The board is responsible for the foundation’s strategy and makes final decisions on all distribution matters and other issues of significance for the foundation, such as policies asset management and governance policies and for co-ownership of VKR Holding A/S

The board of Villum Foundation is self-elective and aims for a composition where members have broad insight into the areas supported by the foundation.

The board’s responsibilities

The board holds four annual meetings. 

In addition to board meetings, board members participate in an annual strategy day, and the chair also participates in preliminary meetings etc.

As a general rule, the individual board members also participate in one or more of the foundation’s working groups and committees, which have the same meeting frequency as the board.

Election to the board

According to the Trust Deed, all board members must be ‘competent, reputable, trustworthy and mature individuals, half of whom must be residents of Denmark.’

In addition, four of the members should be ‘business savvy’ and one of the members should ‘have or have been associated with the VKR Group’.

A member must be a descendant of the foundation’s founder, Villum Kann Rasmussen.

Board members can serve a maximum of 10 years (descendants of Villum Kann Rasmussen, however, can serve up to 15 years), the age limit is 75 years, and one board member is up for election each year in a predetermined order. A new board member enters into the same position as their predecessor.

Remunerations

The Foundation’s board members receive a fixed remuneration of DKK 335,000 per year. The chair’s remuneration amounts to 2.5 times the ordinary remuneration and the deputy chairman’s 1.67 times the ordinary remuneration per year. Observers receive DKK 114,000 per year. Board members also receive remuneration for any efforts in the foundations’ working groups and committees.

In 2023, the board received the following remuneration:

  • Jens V. Kann-Rasmussen (chairman) had renounced remuneration for his board, working group and committee positions
  • Eva Zeuthen Bentsen received a total of DKK 775,000
  • Anja Boisen received a total of DKK 505,000
  • Jørgen Tang-Jensen received a total of DKK 575,000
  • Christian Søndergaard Jensen received a total of DKK 485,000
  • Connie Hedegaard Koksbang received a total of DKK 495,000
  • Kristian H. Kann-Rasmussen (observer) received a total of DKK 114,000