Work of the Board
Basic introduction to the work of the board

The board of directors is the company’s top management. It is therefore important that all necessary qualifications are represented – and it is also crucial that the work of the board functions as a constructive, effective forum with committed interaction between the board of directors and the management. 

This course will strengthen your knowledge of the fundamental legal, financial and accounting aspects in relation to the work of the board.

Participants

“Work of the Board” is a basic course aimed primarily at staff-elected board members. Board members who have been elected at annual general meetings or through ownership can also benefit from taking the course. The course is also directed at members of management who participate in board meetings.

As a member of the board of directors, you are part of the company’s top management. It is therefore crucial that you have the professional and cooperative tools to make the work of the board more efficient.

Benefit

You will become familiar with many situations that you will meet sooner or later in the boardroom. This will give you a greater sense of security and impact in relation to the work of your board.

You will gain:

• Insight into the existing laws for the area, including the Companies Act and the Danish Financial Statements Act
• An exhaustive survey of the content of the Danish Financial Statements Act – with practical examples
• Thorough knowledge of the most crucial areas in relation to the board’s financial responsibilities and control of the company
• An opportunity to discuss the interaction within the board of directors
• A unique opportunity to exchange experience

Your company will gain:

• A professionally qualified board member who is legally up to date, who has surveyed/recapitulated general financial terms and key figures, and who has learned about the auditor’s role in more detail
• A competent sparring partner in relation to the work of the board

Course content

Obligations, responsibilities and rights are equal for all members of a board, regardless of whether you are a new managing director who has been selected for the board of directors at the AGM, were elected by the staff, or are a board member due to ownership. It is therefore important to have some knowledge about the legal, financial and accounting aspects of the work of the board.

The lawyer will go over 

• The Companies Act’s most important regulations
• Election and composition of the board
• The division of tasks between the board and the management
• The board’s working method
• Internal and external communication, including the regulations for duty of confidentiality
• The board’s liability for damages, including in emergency situations
• Corporate Governance

The economist will go over

• Comprehension of accounts
• Liquidity
• Reading and interpretation of the annual accounts
• Key figures
• Danger signals in the accounts
• Investment planning
• New methods of keeping accounts

The auditor will go over

• The board’s responsibilities and remit
• Communication
• The board’s responsibility for financial control
• Auditor’s certificate

Learning method

Dialogue-based facilitation with presentations, discussion and case-story exercises.

Lead Facilitator

Business economist Jan Nørgaard acts as the lead facilitator.  He is present during the entire course – and links together the sub-elements.

Other facilitators

The facilitation on the course is carried out by experienced professional individuals, each of them very competent within their field.

• Lawyer Jørgen Boe, law firm Kromann Reumert
• State-authorised accountant Kim Gerner, Deloitte

The course price includes

Before the course

• Invitation to a free two-hour meeting on “Good Learning”
• Questionnaire
• Thomson publishing DK

During the course

• 3 days of facilitation
• All meals during the course
• 3 facilitators
• Max. 20 participants
• Notebook for your personal notes
• Course binder
• Selskabsloven (The Danish Financial Statements Act)
• Plus various pieces of supplementary material and annual reports from large companies