Lundbeckfonden is governed by a board of trustees, consisting of 11 members: seven elected according to the foundation’s statutes and four elected by the employees of each of the foundation’s three subsidiaries, Lundbeck, ALK and Falck.
The board of trustees is responsible for:
Defining the foundation’s strategy and making decisions on issues of great significance or an unusual nature
Making final decisions on allocation of grants based on recommendations by the evaluation panels
Monitoring the organisation and ensuring that the foundation is properly run, according to legislation and Articles of Association in force from time to time, and
Appointing the foundation’s CEO.
Lundbeckfonden’s CEO is in charge of daily operations and management, assisted by the management team.