Advice and Instructions Concerning Board Duties
The composition of a board of directors must reflect the competence required by the individual company at a certain time. It is therefore essential to have in mind that the company’s requirement for competence may change over time, thus giving rise to continuous considerations as to whether the board of directors has the proper composition.
Concurrently, it is important to pay attention to the significant increase of demands made to the board of directors and its duties during the past 10 – 15 years. The regulation of the board of directors’ duties and responsibilities has become increasingly complex, and it is therefore important to ensure that the board of directors is “well prepared”.
HjulmandKaptain’s commercial lawyers have wide experience in board duties, several of them having completed relevant further education in directorships, enabling them to assist with advice on the arrangement of board duties, including the board of directors’ working methods, meetings, reporting, etc.
Naturally, we may recommend you to let one of our business lawyers join as a member of your company’s board of directors due to our wide experience in this particular area. However, we may also assist boards of directors or shareholders as external advisers by creating the most professional and effective setting for the board assignments.
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