Contact HEADQUARTER +45 39 17 92 00

ONE TORM

TORM's world-class operational platform pursues a strategic framework
focusing on four common goals named One TORM:

 
  1. Putting customers first to achieve full customer reach and flexibility in order to outperform available earnings benchmarks
  2. Ensuring quality in everything by e.g. improving technical and commercial tradability and delivering optimized processes across the entire value chain
  1. Acting responsibly by maintaining the highest safety, environment and CSR standards
  2. Operating in a cost-efficient manner
 

LEADERSHIP PHILOSOPHY

The TORM Leadership Philosophy guides us in the way we do business. The three overall dimensions are Performance, Relations and Personal Leadership. Each of these three dimensions has associated behaviours, which guides us in terms of how to think and act. 

The leadership philosophy shall help us execute our strategy with excellence. By building our future on these three dimensions, we create a unique TORM culture and a great opportunity to differentiate ourselves from competition.

 
Senior Management

Senior Management

Our Management team has an international oulook and many years of shipping experience.

The Board of Directors

The Board of Directors

Meet the people who strive to keep the Company running alway with best intention and hard work. 

The Heritage

The Heritage

Explore our journey through time.
Founded in 1889, TORM has sailed the seas for more than 125 years. 

 

CORPORATE GOVERNANCE & POLICIES

In recent years, the debate on the importance of good Corporate Governance has grown. TORM is pleased to support the ultimate goal of the ongoing debate: the achievement of better and more responsible corporate management.

For TORM, good corporate governance represents the framework and guideline for business management. This includes the overall principles and structures of the Company’s management. The aim is to ensure that the Company is managed in a proper and orderly manner consistent with applicable legislation and codes.

In line with the ‘comply or explain’ principle, the Board of Directors has considered the UK Corporate Governance Code, as issued by the Financial Reporting Council in September 2014.

TORM complies with the revised recommendations with the exceptions detailed in the Company’s position on the individual recommendations, which is publicly available on the website in line with the disclosure obligations for companies listed on Nasdaq Copenhagen. 

THE AUDIT COMMITTEE

The Audit Committee consists of Pär Göran Trapp, as Chairman, Christopher Boehringer and Torben Janholt.

To read the Terms of Reference of the Audit Commitee see below document.
 

THE REMUNERATION COMMITTEE

The Remuneration Committee consists of Christopher Boehringer, as Chairman, Torben Janholt and David Weinstein.

To read the Terms of Reference of the Remuneration Commitee see below document.
 

THE NOMINATION COMMITTEE

The Nomination Committee consists of Christopher Boehringer, as Chairman, Torben Janholt and David Weinstein.

To read the Terms of Reference of the Nomination Commitee see below document.
 

THE RISK COMMITTEE

The Risk Committee consists of Göran Trapp, as Chairman, Christopher Boehringer and Torben Janholt.

To read the Terms of Reference of the Risk Commitee see below document.

TORM plc has adopted the UK Corporate Governance Code, as issued by the Financial Reporting Council in September 2014. The code is available on www.frc.org.uk.
 
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.

Vederlagspolitik - 25. august 2015

Overordnede retningslinjer

TORM has 4,787,692 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.

 

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.: Partner Jørgen Holst
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.

BUSINESS CONDUCT

Responsible behavior has always been central to TORM’s business and to the mindset of our employees.

ENVIRONMENT

TORM has set targets to reduce emissions by optimizing the way our vessels operate and our employees act. Significant progress is made due to technology, training, and performance monitoring initiatives.

SAFETY

A strong safety culture is central to TORM and healthy, safe and secure working conditions are an essential part of the business.

LABOR

Labor conditions are particularly important for our seafarers because the vessel serves both as their work place and their home.

ANTI-CORRUPTION

TORM does not accept corrupt business practices. The Company has co-founded the Maritime Anti-Corruption Network (MACN) to take a joint stand in the industry towards the request for facilitation payments, which exists in many parts of the world.

HUMAN RIGHTS

TORM has revised our Business Principles to better reflect TORM’s Leadership Philosophy and our commitment to the UN Global Compact, particularly regarding human rights.

HIGH QUALITY SERVICES ENVIRONMENTAL AWARENESS & PROTECTION
 

See Our CSR Reporting

Responsible behaviour has always been central to TORM's way of doing business and to the mindset of our employees.

Please visit our CSR site and learn more about our CSR initiatives and reporting here.


Please also see TORM's compliance with the UK Modern Slavery Act here.

Offices

Denmark

TORM A/S

Tuborg Havnevej 18

DK-2900 Hellerup

Denmark


Phone: +45 39 17 92 00

Telefax: +45 39 17 93 93

E-mail:


Singapore

TORM Singapore Pte. Ltd. 

6 Battery Road #27-02

Singapore 049909

Singapore

 

Phone: +65 6534 3431

Telefax: +65 6534 4142

E-mail: 

India 

TORM Shipping India Pte. Ltd.

2nd Floor, Leela Business Park

Andheri-Kurla Road,

Andheri (E) Mumbai 400059

India


Phone: +91 (22) 6640 7200

Telefax: +91 (22) 6640 7350

E-mail:

UNITED KINGDOM

TORM plc
Birchin Court
20 Birchin Lane
London, EC3V 9DU
United Kingdom

 
Phone: +44 203 713 4560
E-mail:

Philippines

TORM Shipping Phils., Inc.

7th Floor Salcedo Towers,

169 HV dela Costa Street

Salcedo Village, Makati City

Philippines 1227

 

Phone: +63 2 988 6500

Telefax: +63 2 988 6565

E-mail: 

Philippines

TORM Shipping Phils., Inc.

5th Floor Park Centrale Bld.

Jose Maria del Mar St., Corner Abad St.

Cebu IT Park, Bgy. Apas, Lahug

Cebu City, Philippines


Phone: +63 32 494 9522

USA

TORM USA LLC

Suite 710

2500 City West Boulevard

77042, Houston, Texas 

USA


Phone: +1 (203) 602 6700

E-mail: 


Join our IR Mailing list
Follow us on LinkedIn

The site uses cookies.

TORM uses cookies for statistical purposes. If you click on this website you consent to the use of cookies for these purposes.

You can read more about our use of cookies, including how to withdraw consent, in our cookie policy.

OK, I accept Read more