The Board of Directors

 

The Board’s main function is to create the greatest possible value for the individual company and to give the company’s management access to the many competencies necessary to ensure a continuous development of the company.

A Board of Directors must therefore act as effective sparring partners with each Board members using their experience to help challenge and develop work processes and increase the company’s competitiveness and earnings.

Based on the company’s products and the overall objectives (Value Set – Mission – Vision) the Board must assist in the preparation of the business strategy. The Board also participate in strategic questions such as acquisition, financial basis, ownership change etc.

For some companies a Board of Directors is a legal requirement and the board acts as a control body with the formal responsibility for the company to comply with the law.

It is important to consider the gender equality of the Board, as all studies prove significantly better results and working environments with an equal gender distribution.

Establishing a Board of Directors

BoardDenmark can assist you in creating a board with the right competencies to develop your business and create long-term success.

We make a short 360-degree analysis of the present and future requirements of your company to determine the competencies needed for your company and match them with our best candidates.

Once you have chosen the right candidates for your Board, you conclude the agreement with the candidates directly. It is important to notice that BoardDenmark has no direct or indirect liability or obligation regarding your agreement, including the determination of the Board fee or the payment of this.

As a rule a Board member is paid between DKK 50,000 – 150,000 and a chairman will often be paid more (up to twice), while vice-chairman will usually be paid as a regular member of the Board, up to 50%.

New Board members

If you need a new Board member or you want to extend your present board with new competencies, BoardDenmark can assist you in finding the right candidate.

To ensure the best possible match we ask you to fill out a short competency sheet. In this survey priority must be given to the areas of competence, industry experience, education, etc. for us to find the most suitable candidates.

Once you have chosen the right candidates for your Board, you conclude the agreement with the candidates directly. It is important to notice that BoardDenmark has no direct or indirect liability or obligation regarding your agreement, including the determination of the board fee or the payment of this.

As a rule a Board member is paid between DKK 50,000 – 150,000 and a chairman will often be paid more (up to twice), while vice-chairman will usually be paid as a regular member of the Board, up to 50%.

Board Evaluation

It is extremely important for the entire Board of Directors to constantly contribute to the development and optimization of your business. It is necessary to consider the overall function and results of the Board and each individual Board member’s active contributions. It is a difficult process to evaluate the board member and BoardDenmark helps you set the framework and makes a simple and easily accessible board evaluation process.

We assist you in documenting the areas where the board and each individual Board member create value and contribute to your business development.

The process allows the board of directors to document their results in a way easily applicable to the company’s main stakeholders.

Advisory Board

 

Generally, an Advisory Board functions as a Board of directors, but without the statutory obligations of a Board of Directors and the individual Board of Directors’ member.

An Advisory Board may be used as a sparring partner for the management and/or the board to clarify an issue, which nor the company’s management or the Board of Directors has the necessary competences. This could ex. be establishing a new IT system, creating new subsidiaries or enter new markets or business areas.

BoardDenmark has many potential Advisory Board members each possessing a high level of knowledge and professional experience within their respective areas. We can assist you in finding the most suitable candidates.

Once you have chosen the right candidates for your Board, you must conclude the agreement directly with the candidates. It is important that you be aware of that BoardDenmark has no direct or indirect liability or obligations regarding your agreement, including the determination of the board fee or the payment of this.

As a rule, a Board member is paid between DKK 50,000 – 150,000 and a chairman will often be higher (up to twice), while vice-chairman will usually be paid as a regular member of the Board, with up to 50%.

Please contact us for further information.

We believe in value-added board work!

Get a Board Education that gives you concrete and practical inputs to create value as a member of the Board of Directors.

 

The education is designed for you who have a busy daily schedule and want a lifelong and present education with concrete tools and solutions you can take home and apply in your work as a Board member.

You get tools and solutions to create increased value in your board work or in your company. We review the legal and economic issues that you must have insight into as a member of the Board of Directors in Denmark.

Based on relevant theories, models and cases, we give you an overall knowledge of the Board of directors work and tools that you can use in the future in your proactive work within both strategy and business development.

Knowledge, tools and inspiration are given to optimize the company’s results and ensure the interaction in the board, the company’s owners and with the day-to-day management.

BoardDenmark’s board training is carried out in collaboration with a team of specialists from among others. The law firm LRP, Brandt Revision and Headhunter company Comentor, all having long and broad experience within board work.

BoardDenmark – Grow your business!

Search process and costs

 

Establishing a Board or an Advisory Board is like creating a football team. Everyone cannot be a center forwards nor can they all be goalkeeper. It is important for your company to have a Board composition, where competences are continuously assessed and adjusted in relation to the company’s challenges.

Therefore, we make a 360-degree assessment of your business considering your wishes and requirements, not only to find the most suitable candidates, but also to ensure that a new Board or Advisory Board can create growth.

We annually submit a presentation to evaluate the work of the Board and the active participation and contribution of each member of the board in relation to the current tasks ensuring that you always have the right skills in your Board.

Please contact us for further information.

Prices

All prices are excl. VAT and travel expenses and charged when the task is commenced. The annual payment will be charged at the start of the year regardless of how long the individual will solve a task in this year. BoardDanmark is not responsible for the individual company or individual member.

Company Analysis

from DKK 5.000

A 360° review of your business to determine your eligibility requirements.

Board of Directors–Advisory Board Member

DKK 5.000

Company payment per. year per member communicated via BoardDenmark.

Board Evaluation

from 5.000

Yearly evaluation of the Board of Directors & the individual member’s contributions.

Become a member of BoardDenmark

 

As a Board or Advisory Board member, it is your managerial experience, personality and education that help set the framework for the individual company and its future.

We therefore expect you to be among the best in your area and that you can provide a potential Board position with strategic knowledge and in-depth market insight at a high level. In short, we are looking for nothing less than the best candidates.

Admission to BoardDenmark is very simple as we have only one type of membership. It allows you to be considered for all Board positions or Advisory Board tasks communicated by BoardDenmark, if your overall competencies match the company’s requirements.

To assess an applicant’s overall competencies, your application is reviewed by an admission committee and we expect to be able to respond within 3-4 weeks after we have received your application.

The prize for a membership is DKK 5000, – per person per year and paid in advance one year at a time. –

If you establish contact with a new Board and in the same year choose to have a board member conveyed by BoardDenmark, your membership for the coming year will be reduced to DKK 2500.-

Please contact us for further information.

Competency Requirements

 

All members of BoardDenmark have a long and successful managemental experience together with strategic knowledge within their areas of expertise.

When enrolling a member, BoardDenmark assesses the individual’s core competencies and skills in a wide range of areas to ensure that you can put together your Board of Directors or Advisory Board with the needed competencies.

In addition, BoardDenmark conduct Board evaluations ensuring that all Board members participate actively and contribute to the company’s long-term success.

Please contact us for further information.

About us

 

BoardDenmark works professionally with the dissemination of candidates for boards and for solving Advisory Board tasks. We ensure that the company’s needs and wishes match the candidates’ top skills so that the company has access to all the necessary strategic skills to reach their growth goals.

BoardDenmark’s own development is carried out by the following:

Torben K. Lund

Head of BoardDenmark

Bo Florin

IT Strategist

Christian Christiansen

Purchasing Strategist

Eva Lund

Business Strategist

Jacob Bech-Petersen

Sales Strategist

Lasse Bjerre Holst

Production Strategist

Tommy Domar Fischer

Economic Strategist

Contact us

 

BoardDenmark
Frederikshaldvej 1
8300 Odder