companydata.dkBoard of directors (bestyrelse)
The bestyrelse (board of directors) is a company's supreme governing body: it sets strategy, appoints the executive board, and supervises day-to-day management. An A/S must have a board (or supervisory board); in an ApS it is optional.
The board is elected by the general meeting and bears overall responsibility for the company's organisation and adequate capital resources. In an A/S the board must have at least three members, and the majority may not simultaneously serve on the executive board.
Board seats as a data point
Board seats are public in CVR and map out a network: who sits with whom, across which companies? Experienced board members with successful companies behind them are a positive signal — while overlaps between the board, the owners, and bankrupt companies can be the opposite.
Related terms
Executive board (direktion)
The direktion (executive board) is a company's day-to-day management — one or more directors registered in CVR who run daily operations. Every Danish limited company must have one.
Public limited company (A/S)
An aktieselskab (A/S) is a Danish limited company with share capital of at least DKK 400,000 and a requirement for both an executive board and a board of directors (or supervisory board). Only an A/S can be listed on a stock exchange.
Power to bind (tegningsregel)
The tegningsregel (power-to-bind rule) is the provision in a company's articles of association determining who can enter binding agreements on the company's behalf — e.g. 'the company is bound by one director' or 'by the entire board'. It is public in CVR.
Bankruptcy quarantine (konkurskarantæne)
Konkurskarantæne (bankruptcy quarantine) is a ban the bankruptcy court can impose on a person who conducted grossly irresponsible business in a bankrupt company. The ban means the person — typically for three years — may not participate in the management of limited-liability companies.