News

            NEW DELHI, DEC 30: By changing a few words in the charter  behind the two family funds, that are having a controlling interest in A.P.Moller Maersk, the old shipping typhoon Maersk Mc-Kinney Moller ensures, that a family member will always sit on the board and chair it. “The charter has been amended to reflect what has always  been the case in practice. The Management Board  thus ensures that it the way it continues in the future” Lars-Erik Brenoe, Maersk Mc-Kinney Moller’s personal assistant, said. The changes ensure, that the Funds Board must always have one member who is descended from Maersk Mc-Kinney Moller, against previously ‘whenever possible one member of the family. Moreover, a new section is entered into the statute, saying that the two funds Board of Directors should preferably be Chaired by a member of the family. This was not mentioned before. The changes applies for both the General Fund. as well as the smaller Family Fund. The two funds together own more than 50 Percent of the Maersk Group’s shares and over 64 per cent of the voting rights.