The award is handed by The Committee De Gyldne Laurbær, formerly Boghandlerklubben (The Bookshops' Club).
[1] Originally the award was a laurel wreath, a golden pin with an inscription, some money and a book gift worth 2500 DKK.
Today the award is a laurel wreathe, a diploma and a book gift worth 2500 DKK.
Early in January every year the committee sends out ballot to all the Danish bookshops, which then give their vote for a Danish book which was published the year before.
On the day when it is decided who wins the Golden Laurel, the president of the Committee of The Golden Laurel informs the winner about the award, while journalists follow the event.