Working groups and committees

Villum Foundation uses working groups and committees to qualify the foundation’s work. The composition of the working groups and committees forms the core of the foundation’s work to ensure robust processing of applications.

Working groups

The working groups must assist the board with strategy development and review and recommendations for decisions regarding applications and projects within the foundation’s grant areas and asset management. 

They can either only be a subgroup of the board or they can be supplemented by external professionals. In the latter case, the working group also acts as a selection committee and can act as a scientific committee for the technical and natural sciences..

The working groups are established by the board, and the committees are established by the working groups.

Guidelines for Working Groups under the Villum Foundation Board

Framework for the Composition and Function of Working Groups

Committees

The committees for the grant areas assist with advice and recommendations to the boards. Their work is central to ensuring the professional level of the foundation’s grants, and the groups therefore consist of professionals within the individual areas.

In addition, we have set up an investment committee to ensure that our funds are invested and managed in the best possible way. The investment committee reports to the board.

Remunerations

Working group members generally receive a remuneration of DKK 80,000 per year. The remuneration is determined on the basis of the time consumption and responsibility associated with the task. In the research-based working group (scientific committee) under technical and natural sciences, the activities are more extensive than in the other working groups, which is why each member receives a remuneration of DKK 135,000 per year. Members of the investment committee are paid a fee of DKK 105,000 per year due to the responsibilities associated with asset management and the need to be able to attract the right external competencies to the committee.

External experts and jury members are paid a remuneration that reflects the specific task and the necessary competencies.

Committee members are paid an annual remuneration reflecting the specific tasks and the necessary competencies.