Keops A/S' Supervisory Board wants the Company to increasingly focus on
complying with the standards of good corporate governance in its future
business conduct.
On this basis, Group Chief Executive, Ole Vagner, has decided to step down from the Supervisory Board yesterday in accordance with good corporate governance to solely be a member of the Company's Executive Board.
Likewise, the Chairman of the Supervisory Board, Finn Hasselriis, has decided to step down from the Supervisory Board in accordance with good corporate governance and to continue his active function as the Company's attorney and his Supervisory Board work in the property industry in general.
The Supervisory Board members are Director Jørgen Basso Larsen, Director SkarphedinBerg Steinarsson, Director Eirikur S. Johannsson and Director Steen Bryde.
Keops A/S' Supervisory Board has now elected Director Jørgen Basso Larsen as acting Chairman until a new election of Chairman has been performed following the next Annual General Meeting.
The Supervisory Board intends to recommend an enlargement of the Supervisory Board at the next Annual General Meeting on 26 January 2007 by election of two to three new Supervisory Board members.
In addition, the Company's internal rules of trade with related parties has been tightened, i.a. in the way that the Company will no longer provide bookkeeping services to the principal shareholder Ole Vagner's personal holding companies.
The changes take effect as from yesterday, 30 November 2006.
Source: Keops
