about torm

Articles of association

As a company incorporated in the UK and listed on Nasdaq Copenhagen, the Company is required to report on its compliance with the Code in accordance with the “comply or explain” principle. 

The Company has a one-tier board governance structure in accordance with UK legislation and is governed, subject to its Articles of Association, by its board of directors, consisting of both executive and non-executive directors, which undertakes both the management and monitoring functions of the Company.

The Company's Directors are entrusted with overall responsibility for the Company. The duties of the Directors include establishing policies for strategy, accounting, organization and finance and the appointment of executive officers. The primary responsibilities of the Directors are to manage the business and affairs of the Company within the limits prescribed by the Company’s Articles of Association or by special resolution of the shareholders. The Directors must act in what they consider to be the best interests of the Company consistent with their fiduciary duties.

The Board has established an Audit Committee, a Remuneration Committee, a Nomination Committee and a Risk Committee.

Click on below document to read the Company's Corporate Governance statement which provides a detailed account of how the Company has applied the Code’s principles and how it complies with its provisions.

Here, you can find and download TORM Incentive Programme.

TORM has 4,838,827 tradable warrants, all issued in connection with TORM A/S restructuring in 2015 and reissued by TORM plc in connection with TORM's corporate reorganization as of 15 April 2016. The warrants can be transferred by submitting a warrant transfer notice found below via email to MAN@torm.com with copy to IR@torm.com

For further information on the warrants including the terms, please refer to the Warrant Instrument document below.

UK Tax Policy

TORM expects all employees and business partners to comply with the laws and regulations of the communities in which we operate. Our employees are furthermore expected to comply with the Company’s Business Principles and to the policies imposed by the Management at all times.

TORM also expects all employees to help protect the interests of TORM by raising concerns of known or suspected breaches of the Business Principles and policies. Concerns should be raised with their superior officer(s).

Instances may occur, where an employee assesses that a concern cannot be raised with the superior officer(s) or that a concern is not satisfactorily addressed by the superior officer(s). In such cases, the employee is encouraged to raise the concern using the whistleblower function, which is an external independent lawyer's office solicited by the Board of Directors to receive and process concerns and claims relating to TORM raised by TORM employees, business partners or anyone else.

The whistleblower will protect the identity of people raising concerns, cf. the whistleblower policy. However, if you prefer to remain anonymous, you may file a report by telephone,  by letter or by sending an encrypted mail to:

The whistleblower for TORM:

Holst, Advokater
Att.: Jakob Schmidt
Hans Broges Gade 2
DK-8100 Århus C
Denmark

Tel.: +45 89 34 00 00
E-mail:

Click on the file below to view a description of the whistleblower function and TORM’s whistleblower policy.

Click on the file below to open the whistleblower template. The opened window will display the information, which would normally be useful in assessing the nature and seriousness of concerns raised. Provide as much information as you wish in any language of your choice.