Board Work in Financial Institutions

Investment funds, management companies and asset managers

Spring 2022: 11. & 12. of May, 1. of June 2022


Board Work in Investment funds, management companies and asset managers gives members of these Boards and Executive Committees a solid foundation for working in the board room and the interaction between the Board and the Executive Committee with emphasis on the particular circumstances that are relevant in this field. The focus thereby lies on board responsibility, governance and best practice for board work, risk management, outsourcing issues and the board’s work with ESG, social responsibility and assessment of return.

The ambition is to contribute to the development of the general level of competency of boards in Investment funds, management companies and asset managers. The pedagogical method is based on the situations and dilemmas that the board members in this field experience.


The course consists of 3 educational days, distributed over the course of some months. The course gives an overview and a better understanding of the board’s most significant tasks and dilemmas, insight in the board’s role, responsibility and interaction with the executive committee and stakeholders. The target is for the participants to be able to apply knowledge and new skills at board meetings and in additional tasks and responsibilities of the board.

Emphasis is placed on the legal framework and societal conditions for the board’s work on value creation, strategy and risk management. Participants on this course will automatically become members of Alumni Finans and invited to 2-3 events annually.

Participant profile

The course adresses anyone working with board work in investment funds, management companies and asset managers. The course is also relevant for a broader range than merely board members, for example executive leaders, financial authorities, advisors and senior executives interacting with the board (e.g. heads of accounting, heads of law, chief risk officers, heads of investment, heads of secretary, and others). This foundation course is pre-approved by Advokatsamfundet as a mandatory post-education for lawyers (36 lectures).


Among the topics which will be covered through out the course is the following:

  • The boards tasks and board responsibility, the legal framework for the board’s work and regulation of investment funds.
  • Outsourcing and the board’s responsibility
  • The value chain: administration, asset management and distribution
  • Investment strategy and risk
  • Reporting to customers – investment strategy and risk
  • Operational risk and compliance
  • Asset management risk and and solvency
  • The board’s responsibility and role regarding the asset manager’s ability to create return
  • Business model and IT – the board’s role
  • Cyber risk, cyber security and cyber resilience
  • ESG and the investment university
  • Sustainable Finance – EU legislation and implication for investment funds
  • Accounting and reporting
  • Board evaluation and Fit & Proper.

The course is a combination of lectures, dialogue, case based discussions, perspectivation, with minimal assignments for participants to complete at home. The emphasis of the program is based on the active participation and engagement to ensure a fruitful experience for both participants and faculty.


The course is carried out by highly competent faculty with a very high level of experience; Professors from Copenhagen Business School (CBS) and University of Copenhagen (KU) in close cooperation with experienced board members, directors with backgrounds and experiences in the financial sector and advisors from Kromann Reumert, EY and Finans Danmark. There is always one professor, one chairman, or an equivalent chief executive, and one advisor simultaniously present in the class room.

On each course, a wider team of faculty appears, giving presentations and participating in case discussions. They all focus on relating the content to the board’s tasks, responsibility, value creation and dilemmas.

CBS Board Educations has completed board educations for financial institutions since 2017. Until now more than 270 participants have completed one of the two foundation courses Board Work in Financial Institutions – Bank & Mortgage or Pension Funds & Insurance Companies.

  • Date


    • Day 1: Wednesday May 11, 2022
    • Day 2: Thursday May 12, 2022
    • Day 3: Wednesday June 1, 2022
  • Place

    CBS Executive, Porcelaenshaven 22, 2000 Frederiksberg

  • Price

    24.000,- DKK excl. VAT