A lawyer in your board of directors consolidates the board duties
Do you need a professional adviser in your board of directors, or can you manage yourself? Our opinion is clear.
The current requirements are so complex that your company will be much stronger if you have professional expertise in your board – even if you may opt for other advisers than lawyers, you will gain many advantages by engaging a lawyer from HjulmandKaptain either in your board or as an external adviser.
We can contribute the following benefits to your board:
- Specialised and long-standing experience as most of our lawyers already advise boards of directors of both small and large companies, as board members, company chairmen, or external advisers
- Direct access to a comprehensive network enabling us to establish contact between you and relevant partners such as auditors, banks, other advisers, etc.
- Guarantee for compliance with legislation and for ensuring that your board has always an adviser, who is abreast of changes in legislation
- A structure ensuring that everything is managed correctly and in due time, from notices of meeting, conducting of meetings, minutes of meeting, and reporting for a correct registration with public authorities
- Advice in strategy, development potential, and business plans tailored to the company’s goals, requirements and challenges
- Assistance to establish or re-establish a board of directors
On those grounds, an experienced lawyer improves both the board and the company
Board of directors and board duties are constantly subject to new and complex requirements, both statutory requirements and requirements for the structure of board duties, time-limits and the expected compliance with best practice within the line of business. At the same time, current topics such as sustainability, trackability and transparency continue to impose increased requirements of documentation for suppliers, cooperation partners, and others.
So even if it may be seen as an expense, it is our experience that a lawyer as a trusted adviser – either internally in the board or externally – is a decisive investment in the long run.
In that way, you can ensure that the strategic guidelines are set for the company, and that the required expertise is available at the same time as observing time-limits, statutory requirements, and applications for due and correct registration.
There are several ways in which you can involve us in your board of directors:
1. We can join as a board member
2. We can join as the chairman
3. We can act as an external trusted adviser
Three options with different advantages
An advantage of having us in your board is that we participate in all meetings and are deeply involved in the board duties, thus ensuring that our legal competence, experience, and analytical skills may be considered in decisions and discussions within the board because we have a seat at the table.
A further advantage of having us as your trusted adviser is that as an external consultant, we can see problems from other angles than the board can. At the same time, many companies make demands on capacity and clear delimitations, which you secure by having us as your external trusted consultant. In addition, we do not occupy a seat in the board if you opt for this solution.
The optimum solution is dependent on your company, and we can help you make the best choice.
Do you wish to consolidate your board duties with a lawyer from HjulmandKaptain?
We are specialists in board duties and used to the role as a trusted adviser. Our lawyers are experienced because we already join many boards of directors, both large and small, and most of us have educations in board duties.
Consequently, we are more than ready to assist you and your board. Please do not hesitate to contact us for an introductory, and informal talk about your options with HjulmandKaptain.
