The Committee of Directors has seven members. The two members of the Board of Directors appointed by the Minister for Industry, Business and Financial Affairs are permanent members. The other five members are elected by the Board of Directors from among its members, and it is customary to elect two MPs among the five, representing the government and the opposition.

Members of the Committee of Directors are elected for a term of one year at a time. The Committee of Directors is charged with keeping informed of important aspects of Danmarks Nationalbank's activities, over-seeing that auditing is planned satisfactorily, reviewing Danmarks Nationalbank's major exposures, performing quarterly inspections and recommending/approving recommendations of members of the Board of Directors. The Committee of Directors meets ten times a year.

As of 1 April 2023 the members of the Committee of Directors are:

Christian Schultz, Professor, Chairman
Michael Dithmer, Permanent Secretary, Ministry of Business and Growth, Deputy Chairman

Elected by the Board of Directors
Per Bank, Managing Director
Grete Christensen, President of the Danish Nurses Organization
Morten Dahlin, MP
Anne Paulin, MP
Christian Schultz, Professor

Appointed by the Minister for Industry, Business and Financial Affairs
Michael Dithmer, Permanent Secretary, Ministry of Business and Growth​
Johan Legarth, Permanent Secretary, Ministry of Justice