Composition, organisation and competence of the Board of Directors

The members of the Board of Directors receive a fixed annual fee of currently DKK 50,000. The Chairman receives 150.000 DKK, the vice-chairman receives 75.000 DKK. The fees are in compliance with the owner’s recommendations for companies of the same category as NUNAOIL A/S. Moreover, the members of the Board of Directors are covered by a health insurance policy taken out by the Company. No employee representatives have been appointed to the Company’s Board of Directors. The Board of Directors in NUNAOIL holds four ordinary Board meetings annually. The Board of Directors performs an annual ”self- evaluation” and notifies the owner, the Greenland Self-Government authorities, of the result and its recommendation. A consultant assists in facilitating the process. 

THE ONLY NATIONAL OIL COMPANY ONLY IN THE ARCTIC

On behalf of the Greenland Self-Government NUNAOIL participates in every license in Greenland.

Carries out open acreage evaluations and prospect assessments.

Strong focus on mitigating exploration, physical and logistic risks especially by the use of technology and building alliances.