Our leadership
Corporate governance BWSC has a governance structure laying down how our business is led and controlled. Our code of conduct, policies and procedures are key elements together with our two-tier management structure with a Board of Directors and an Executive Management.
Ownership BWSC is 100% owned by Mitsui E&S Holdings Co., Ltd., Tokyo, Japan (Mitsui E&S) through the company Mesco Denmark A/S. Mitsui E&S is listed on the Tokyo Stock Exchange. The financial statements of BWSC are consolidated into the financial statements of Mitsui E&S. Further information is available on www.mes.co.jp.
Board of Directors BWSC’s Board of Director members are elected every year at the Annual General Meeting. The Board of Directors consists of five members and comprises one representative from the ultimate parent company Mitsui E&S, two external members and two employee-elected members serving a four-year term. The current term for the employee-elected members runs until 2024. The chairman of the Board of Directors is Torkil Bentzen, an external member, and the deputy chairman Taketsune Matsumura, is a representative from the ultimate parent company. The nationalities of the members are one Japanese and four Danes. The members contribute with valuable knowledge and experience in areas such as EPC, operation and maintenance, service as well as general management and finance. Material directorships in other companies, held by the Board of Directors can be found on page 46 of this report. The Board of Directors meets at least four times a year. BWSC’s Executive Management is represented at the board meetings. Other members of the Management Group attend board meetings based on topics being discussed. Besides the four annual meetings, the Board of Directors and the
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Management Group also have an annual strategy seminar to review the plans for the years to come. In 2021, four ordinary and three extraordinary board meetings were held. Executive Management keeps the Board of Directors informed of the company’s key development and performance, through monthly and quarterly reports.
Audit, Risk & Compliance committee The Audit, Risk & Compliance committee oversees the audit and financial reporting, the risk management and internal controls and the compliance activities of the Company. The appointed members of the committee are Michael Hedegaard Lyng as chairman and Torkil Bentzen as ordinary member. The committee holds at least three yearly meetings. During 2021 the committee has held six meetings.
Management The Executive Management of BWSC consists of Nikolaj Holmer Nissen, CEO and Benny Lynge Sørensen, CFO. The Management Group consists of the Executive Management as well as a Senior Vice President (SVP) for each business area and for the corporate function People & Compliance. The Senior Vice Presidents are: Flemming Juel Jensen, Service; Jan Kristoffersen, Project Execution; Karsten Valsted Larsen, Operation & Maintenance, and Natascha Linn Felix who was announced as SVP, People & Compliance on 15 June 2021. On 1 January 2021 Toshihiko Uchida, Mitsui E&S Liaison officer, was announced a member of the management group. The wider management of BWSC consists of directors, department- and site managers.
