Board of Directors or Supervisory Board: Legal Aspects of the Choice Between One- and Two-tier Management in Danish Public Limited Companies after the 2009/10 Company Reform

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

The article analyses the legal consequences of the choice now available to Danish public limited companies, which can now opt for a two-tier management structure, in which the management board undertakes both the day-to-day and the overall management, while a supervisory board exercises control over the management board, including its appointment and dismissal. The article considers which companies a two-tier structure may be relevant for, and reviews the consequences for the composition, election and functioning of the company organs.
Translated title of the contributionBestyrelse eller tilsynsråd: Juridiske aspekter af valget mellem én- og tostrenget ledelse i danske aktieselskaber efter selskabsreformen 2009/10
Original languageEnglish
JournalEuropean Company Law
Volume2009
Issue number6
Pages (from-to)257-263
ISSN1572-4999
Publication statusPublished - 2009

Fingerprint

Legal aspects
Supervisory board
Board of directors
Management structure
Elections
Exercise
Functioning

Keywords

  • board of directors
  • supervisory organ
  • management
  • one-tier board
  • two-tier board
  • corporate reform (Denmark)

Cite this

@article{5bb61510ddf111de88f9000ea68e967b,
title = "Board of Directors or Supervisory Board: Legal Aspects of the Choice Between One- and Two-tier Management in Danish Public Limited Companies after the 2009/10 Company Reform",
abstract = "The article analyses the legal consequences of the choice now available to Danish public limited companies, which can now opt for a two-tier management structure, in which the management board undertakes both the day-to-day and the overall management, while a supervisory board exercises control over the management board, including its appointment and dismissal. The article considers which companies a two-tier structure may be relevant for, and reviews the consequences for the composition, election and functioning of the company organs.",
keywords = "bestyrelse, tilsynsr{\aa}d, direktion, enstrenget ledelse, tostrenget ledelse, selskabsreformen (Danmark), board of directors, supervisory organ, management, one-tier board, two-tier board, corporate reform (Denmark)",
author = "Erik Werlauff",
year = "2009",
language = "English",
volume = "2009",
pages = "257--263",
journal = "European Company Law",
issn = "1572-4999",
publisher = "Kluwer Law International",
number = "6",

}

TY - JOUR

T1 - Board of Directors or Supervisory Board

T2 - Legal Aspects of the Choice Between One- and Two-tier Management in Danish Public Limited Companies after the 2009/10 Company Reform

AU - Werlauff, Erik

PY - 2009

Y1 - 2009

N2 - The article analyses the legal consequences of the choice now available to Danish public limited companies, which can now opt for a two-tier management structure, in which the management board undertakes both the day-to-day and the overall management, while a supervisory board exercises control over the management board, including its appointment and dismissal. The article considers which companies a two-tier structure may be relevant for, and reviews the consequences for the composition, election and functioning of the company organs.

AB - The article analyses the legal consequences of the choice now available to Danish public limited companies, which can now opt for a two-tier management structure, in which the management board undertakes both the day-to-day and the overall management, while a supervisory board exercises control over the management board, including its appointment and dismissal. The article considers which companies a two-tier structure may be relevant for, and reviews the consequences for the composition, election and functioning of the company organs.

KW - bestyrelse

KW - tilsynsråd

KW - direktion

KW - enstrenget ledelse

KW - tostrenget ledelse

KW - selskabsreformen (Danmark)

KW - board of directors

KW - supervisory organ

KW - management

KW - one-tier board

KW - two-tier board

KW - corporate reform (Denmark)

M3 - Journal article

VL - 2009

SP - 257

EP - 263

JO - European Company Law

JF - European Company Law

SN - 1572-4999

IS - 6

ER -