Board Work
The board of directors play a crucial role in the success of a company. They have to ensure a high level of performance and, at the same time, be a valuable sparring partner for the day-to-day management.
Why choose a Attorney on the board?
At Codex Advokater, our Attorneys are elected to boards of directors not just on account of their legal expertise. They are elected because they can contribute the wide range of skills that a company needs at any given time. A Attorney specialising in commercial law can provide the board with much more than just classic legal advice. For instance:
- Strategy
- Business operations
- Knowledge of the industry
This combination of skills means that our Attorneys are able to offer competent sparring to both the board and the day-to-day management, which helps to ensure a value-creating operation.
Our experience of board work
At Codex Advokater, we have extensive experience of board work in many different industries. Our Attorneys have served as both chairs of the board and non-executive directors. We can therefore find you a Attorney who meets your company’s needs and ensures competent sparring in the boardroom.
We are also a member of the Association of Danish Board Attorneys, who have defined the primary tasks of the board:
Ensure good and constructive relationships with the company’s stakeholders
Responsible for formulating overall ideas, strategies and objectives, with follow-up
Decide whether the company’s capital preparedness is sound in relation to the company’s operations
Supervise the work of the executive board, including – ensure that the bookkeeping is checked satisfactorily – ensure that the asset management is checked satisfactorily
Elect a qualified executive board (and ensure that the remuneration of the executive board reflects the results they achieve)
Ensure a sound organisation, including – establish appropriate risk management systems – establish compliance programmes to ensure that the company complies with relevant regulatory frameworks
Ensure that the financial reporting is complete and that the auditor’s remit is well defined
Ensure that a well-developed budgeting system exists and that it can be applied
Establish guidelines for the executive board and ensure that the executive board has well-defined detailed objectives for, inter alia – product development – marketing – production/rationalisation – administration
Ensure clear guidelines for accountability, division of responsibility, planning and follow-up, and risk management
