The purpose of the programme is to provide an introduction to fund legislation, the fund law framework for fund management, including interaction with subsidiaries, the tasks of the board of directors in connection with financial reporting, impact measurements and the role of the commercial foundations in society. The participant profile for this course is board members, senior executives, advisors, etc., whom would like to be updated in the legal area.
Board work in industrial foundations
Industrial foundations play a prominent role in the Danish business world as they are the controlling owners of large publicly traded companies such as AP Møller-Maersk, Carlsberg, and Novo Nordisk, and therefore vital to practice good governance.
The new law on Industrial foundations has imposed a number of new tasks on the boards along with increased awareness of the importance of corporate governance. The business framework of Industrial foundations is characterized by these points, amongst others:
Industrial foundations have no owners, only company articles, and are therefore heavily reliant on their boards
Industrial foundations are bound by a set of rules which are documented in the company articles that set the framework for their purpose and code of conduct
Industrial foundations are subject to the supervision of Fondsmyndighedens (the Department of Civil Affairs)
Some industrial foundations are managed by the founding families, who continue to take a strong personal interest in the firm
This two-day program is case-based and centers around the implementation of the new law and the important duties that the board oversees, such as active ownership, corporate governance, mergers and acquisitions and changes to the company articles. This course also focuses on the all-important tasks of sound board leadership, including the independence of directors, board competencies and evaluation, the board and EMT relationships, the Foundations strategy and risk management.
The course is facilitated by experienced board members, chairmen, advisors and professors. The material is based on actual cases from the Danish business community, which are discussed with faculty and the participats. The participants are expected to participate and actively engage in discussions.
Board Work in Industrial Foundations 2022
Day 1: 1. of February 2022, 09.00 am – 06.00 pm
Day 2: 2. of February 2022, 09.00 am – 05.30 pm
CBS Executive, Porcelaenshaven 22, 2000 Frederiksberg