Once a year, the Board of Directors reviews LD Pensions’ business model and risk assessment, which, amongst other things, forms the basis for the Board’s assessment of whether, overall, the Board possesses the necessary expertise, for example in the following areas:Â
- overall strategic considerations
- overall corporate governance
- significant risks and risk management
- asset management
- financial markets
- customers and products; payment behaviour
- regulatory framework
- outsourcing and tendering; contract management
- organisation and cost management.
The self-assessment also includes an evaluation of whether the Board has sufficiently addressed the strategic development of LD Pensions, and whether the Board’s oversight of and interaction with the organisation have been effective and well-functioning. Finally, the Board’s own commitment, cooperation and effectiveness are assessed.
Each year, the Board of Directors decides on the form of evaluation.Â
