Professor praises Blackrock's criticism of Danske Bank's management and pay-level

When the second-largest investor in Danske Bank, Blackrock, criticized the bank's management and pay-level earlier this spring, it was cause for much attention. Professor at CBS and expert in corporate governance Steen Thomsen predicts that the announcement will make an impression.

Photo: Jens Hartmann Schmidt

When a major investor such as asset manager Blackrock criticizes the management and pay-level for the executive board of one's company, it makes an impression, assesses professor at Copenhagen Business School and expert in corporate governance Steen Thomsen, according to Danish newspaper Berlingske.

In connection with spring's annual general meetings, Blackrock, which is the second-largest investor in Danske Bank as well as one of the biggest investors in A.P. Møller-Mærsk, criticized the proposed pay increase for the board of directors at Danske Bank.

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