1 DSV - Statutory Report on Corporate Governance - 2023 BASIS OF PREPARATION BASIS OF PREPARATION This statutory report on corporate governance is prepared in accordance with section 107b of the Danish Financial Statements Act covering the period 1 January 31 December 2023. The report forms part of Managements Commentary of the 2023 DSV Annual Report available at investor.dsv.com. management structure and a description of the controls and management systems applied as basis for preparing external financial and sustainability reporting such as the quarterly and half year financial reports, the Annual Report and the Sustainability Report of the group. In addition, the report includes a description of the corporate governance codex applied in managing the company and how DSV complies with this codex. This provided on the 2023 DSV Annual Report. MANAGEMENT STRUCTURE Together, the Board of Directors and the Executive Board forms the governing body of DSV. The ultimate authority rests with the shareholders in general meeting. The Board of Directors supervises and outlines the overall visions, strategies and objectives business activities. The Executive Board is responsible for executing on the strategies and objectives set, the overall day-to-day management of the Group, and furthermore contributes with essential input to the work of the Board of Directors. The Board of Directors has established audit, nomination and remuneration committees to perform various preparatory tasks relating to key areas of the responsibilities. The allocation of responsibilities between the Board of Directors and the Executive Board is defined by the Rules of Procedure. Division Management is responsible for the day-to-day management of the operational activities in the divisions supported by centralised Group functions.
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