companydata.dkExecutive 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.
The executive board handles day-to-day management and represents the company externally within the limits of the power-to-bind rule. In an ApS the executive board can be the supreme governing body; in an A/S it is appointed by the board of directors and must follow its guidelines.
A director's registration history
Entries into and exits from executive boards are registered in CVR with dates. A person's full management history — which companies, when, and how they fared — is therefore public and used in credit assessment and due diligence.
Related terms
Board 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.
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.
Private limited company (ApS)
An anpartsselskab (ApS) is a Danish private limited company where the owners are liable only for their contribution. It is Denmark's most common company type and requires share capital of at least DKK 20,000.