1. Bestyrelsesuddannelsen 2013
CBS Executive bestyrelsesuddannelsen 2013: Energi og kompetence fylder lokalet blandt de 38 deltagere og et unikt
undervisningsteam* på 12 CBS professorer, 15 erfarne bestyrelsesformænd og 15 toprådgivere, der faciliterer case
dis­kus­sioner, formidler og perspektiverer erfaring fra bestyrelseslokalerne samt underviser på internationalt niveau.
Råvarebygningen · Porcelænshaven 22 · 2000 Frederiksberg · cbs-executive.dk
360° perspektiv på bestyrelsens arbejdsfelt,
kompetencer og ledelsesopgaver

2. Alis Birk Nielsen Finansiel Stabilitet Underdirektør
Anette Clausen Flere virksomheder Konsulent
Anette Næsborg Result Management Director, ledelsesrådgiver
Anne Kathrine Steenbjerge Anders Nielsen & Co A/S CEO
Anne-Mette Ulf Mortensen Danske Andelskassers Bank Erhvervsrådgiver
Annette Falberg FDIH CEO
Annie Stæhr Thomsen Århus Købmandsskole Adjunkt
Benjamin Månsson Execution Excellence Ejer og seniorkonsulent
Bettina Køhlert Guidance ApS Partner
Birgit Rohde Chearnley O’Sullivan Freltec ApS Selvstændig
Bjarne Dahl Hermansen bbconsult.dk Partner, CEO
Bjarne Toftlund GF Forsikring A/S Direktør
Claus Demant CD Consult Konsulent
Erik Adrian Topdanmark Forsikring A/S Vicedirektør
Esben Gadsbøll Flere virksomheder CEO
Frank Petersen Flere virksomheder Bestyrelsesformand
Hanne Harmsen NRGI Rådgivning Bestyrelsesmedlem
Hanne Mejer Helwig Quitzau Genux Executive Partner
Jacob Stenholm Jensen Maribo Medico A/S MF, bestyrelsesmedlem
Jens Faarup Grønttorvet A/S Administrerende direktør
Kirsten Hede Integritas v/Kirsten Hede Ejer
Kristian Bundgaard Pedersen A/S Tasso Adm. direktør
Kurt Skjødt Jensen Nordea Bank A/S Viceområdedirektør
Lars Hagbard Grønkjær Flere virksomheder Juridisk og strategisk rådgiver
Martin Gade Esven Deloitte / Selvstændig Director
Martin Vestergaard Bascon Direktør
Mikkel Egede Birkeland Limb Finance Adm. direktør
Morten Kjær Egebjerg Logistikkompagniet Bestyrelsesformand
Morten Rosendahl Kirk Larsen & Ascanius Advokat - partner
Per Chrom-Jacobsen Flere virksomheder Direktør af bestyrelse
Peter Nymann-Jørgensen Skanska Øresund A/S Adm. direktør
Regnar Lykou NOW: Pensions Investment A/S CFO
René Balle kk-electronic CTO
Steen Rasmussen IIH Nordics Partner
Stig Peter Christensen Director SPCadvice
Torben Jógvan Deciderius-Poulsen DecKom Consulting Partner
DELTAGERE

3. Undervisningsteam
Bertil From, CFO Lundbeckfonden – bl.a. CSIS Security Group a/s (formand)
Birgit Nørgaard – bl.a. NNE Pharmaplan A/S (formand), DSV A/S (medlem),
IMI Plc. (medlem)
Erik Fabrin, fhv. bogmester – bl.a. Kommunernes Landsforening (næstformand,
tidl. formand), KMD (tidl. formand), Kommunernes Pensionsforsikring (formand)
Finn Junge Jensen, fhv. rektor CBS - bl.a. Politiken-Fonden og a/s Politiken Holding
(medlem), Symbion Fonden (formand), Erik Møllers Tegnestue a/s (formand)
Henrik Mansfeldt Witt, Partner Integra advokater – bl.a. Millstone A/S
(bestyrelsesmedlem)
Jan Hove Sørensen, Partner Maj Invest Equity A/S – bl.a. Ellegaard Göttingen
Minipigs A/S (bestyrelsesmedlem)
Jens Christian Hansen, Erhvervskommentator, Berlingske
Lars Bo Ive – bl.a. Mitsubishi Danmark AS (formand), LO Plus AS (formand),
Interdan A/S (bestyrelsesmedlem)
Lars Ohnemus, Direktør Center Corporate Governance, CBS – bl.a. BPT Asset
Management (formand)
Lasse Bolander – bl.a. bestyrelsesformand for Coop Danmark, First Purple Publishing,
Dagbladet Information
Marianne Philip, partner Kroman Reumert – bl.a. bestyrelsesformand for Toms Gruppen
Sanna Suvanto-Harsaae – Babysam A/S (formand), Sunset Boulevard A/S (formand),
SAS AB (bestyrelsesmedlem)
Steffen Lüders – bl.a. Mannov A/S (formand), Dansk Erhverv, Rådgivning og
Serviceudvalget (formand)
Tom Jacobsgaard, programdirektør CBS Executive – bl.a. Logos Design Holding (formand)
Vagn Sørensen – bl.a. FLSmidt A/S (formand), TDC A/S (formand), Scandic Hotels (formand)
Waldemar Schmidt – bl.a. tidligere bestyrelsesformand for Crisplant A/S, Tholstrup
Cheese A/S, Navision A/S, Superfos A/S, Thrane&Thrane A/S, Energy 2 A/S, Hempel A/S
and Scan Energy A/S
ERFARING FRA BESTYRELSESLOKALERNE

4. Undervisningsteam Undervisningsteam
Caspar Rose, Professor, CBS
Flemming Poulfelt, Professor, CBS
Henrik Holt Larsen, Professor, CBS
Jesper Rangvid, Professor, CBS
Ken Bechmann, Professor, CBS
Majken Schultz, Professor, CBS
Niels Westergård-Nielsen, Professor, CBS
Steen Thomsen, Professor, CBS
Suzanne C. Beckmann, Professor, CBS
Thomas Plenborg, Professor, CBS
Thomas Ritter, Professor, CBS
Torben Andersen, Professor, CBS
Anders Lavesen, partner Kromann Reumert
Anders Stubbe Arndal, partner Kromann Reumert
Anne Mette Dissing-Immerkær, partner Amrop A/S
Christian Boserup, partner KPMG
Hans Arnum, Bankdirektør Nordea Danmark
Jacob Erhardi, partner KPMG
Jakob Bernhoft, partner Kroman Reumert
Jens Lund Mosbek, partner Kromann Reumert
Jens Steen Jensen, partner Kromann Reumert
Jeppe Buskov, partner Kromann Reumert
Jesper Koefoed, adm. dir. og partner KPMG
Mona Blønd, partner KPMG
Peter Ketelsen, partner Kromann Reumert
Søren Kok Olsen, partner KPMG
PROFESSORER RÅDGIVERE TIL BESTYRELSER

5. CORPORATE GOVERNANCE I
• Overview of the Corporate Governance Field
• Bestyrelser og bestyrelsesarbejde
• Case: Board and Boardwork in Santex
• Corporate Governance and Company Law
• Case: Aktionærinteresser og bestyrelsesansvar i produktionsvirksomheden
• The AGM and the Management Bodies – Their Rights and Duties
CORPORATE GOVERNANCE II
• Managerial Liability – Basic Principles
• Case: Self-dealing – Majority Shareholders Loyalty
• International Corporate Governance: Board Committees and Independence
• Shareholder Relations and Neutrality
• Case: Takeover cases
THE BOARD AND THE ANNUAL REPORT
• Accounting Regulation – Differences between Danish Financial Statement Act and
IFRS/IAS
• Case: Revenue recognition in the manufacturing company
• Case: Going concern og særlige poster
• Measuring the Profitability – Ratio Analysis
• Case: DONG
THE BOARD AND CORPORATE FINANCE I
• The Board and the Company’s Capital Structure
• Case: Investment decisions - risk and return in Pan-Europe
• Valuation and pricing mechanisms
• Case: IPO and valuation of CFAO
STRATEGY AND VALUE CREATION
• Strategy – What, Why and How from a Board Perspective
• Case: Ny strategi i handelshuset – bestyrelsens rolle og sammensætning
• Value Creation and Return on Strategy
• Case: Strategi og value creation i stormagasinet – hvad gør bestyrelsen
• Board Leadership Styles
THE BOARD AND FINANCIAL MANAGEMENT
• Firm Valuation and Identification of Key Value Drivers
• Case: Simulation of Key Value Drivers and their Impact on Cash Flows
and Enterprise Value
• Cooperation - Board and External Auditor
• Case: Three mini cases
• The Audit Committee
16 dage i perioden
6. september 2013 – 25. januar 2014
Program

6. BOARD LEADERSHIP
• Corporate Governance and Board Leadership
• Case: Managing the Board at Handelsbanken
• Board Dynamics
• Case: Selecting new CEO to Handelsbanken
• The Board and the CEO interaction
• Cases: Evaluating and firing the CEO
Board Leadership
• Case: Evaluation of five boards
• Board evaluation and composition
• Case: Selecting new directors to Handelsbanken
• Bestyrelsesudvalg
• The Board and the Organization
• Case: United Care
CORPORATE AND BOARDROOM CULTURE
• Managing the Board and Evaluating Boards
• Hvad er kultur og hvordan er det relevant for bestyrelsesarbejdet?
• Case: Kultur i Handelsbanken – bestyrelsens rolle i ændring af kultur
• Bestyrelsens ledelse af kultur
• Case: Corporate culture at SAS
• Boardroom Culture and Board Archetypes
HRM, TALENT MANAGEMENT INCENTIVE SCHEMES
• HRM in a Board perspective – talent management
• Case: Dandustri – en arena for talent management
• Personnel Economics and Incentive Schemes
• Performanceaflønning – De overordnede retlige rammer
• Case: Incentive schemes and issues in Danlevnedsmiddel
• Bestyrelsesjobs, kompetencekrav, tidsforbrug, aflønning
SHAREHOLDERS, STAKEHOLDERS THE PUBLIC
• Shareholders and Shareholder Value
• Case: Stakeholder Conflicts in the Building Corporation
• Stakeholders og værdiskabelse
• Corporate Social Responsibility
• Case: Business Ethics and PR Crisis
• Copenhagen School of Enterpreneurship (CSE)
• Case: Dinner talks
THE BOARD CORPORATE GOVERNANCE IN MAJORITY OWNED BUSINESSES
• Incentive schemes recap: Share options and warrants, why, what and how?
• Case: The Board, the owners and management Corporate Governance
• SME – Facts and Corporate Governance Specifics
• Case: Generationsskifte i Design A/S
• Majoritetskab - Private Equity and Erhvervsfonde
CORPORATE FINANCE – II
• Risk Management
• Case: Risk Management in Storm Shipping
• The Board and Risk Management, the Risk Management Committee
• Case: Mergers Acquisitions i Spira Denmark and Spira Sweden
• Mergers Acquisitions
• LBOs, Private Equity, Venture Capital
CAPITAL MARKETS
• Kapitalmarkederne gennem gode og dårlige tider
• Case: Bear Sterns
• Ny regulering af den finansielle sektor efter krisen
• Case: Krisen i danske pengeinstitutter: Hvorfor gik det som det gik, og hvad var
bestyrelsernes rolle?
• Krisen og konsekvenser for pengeinstitutternes kreditgivning og samarbejdsrelation
til virksomhederne og deres ledelser
• Erfaringer i relation til virksomhedernes fremmekapital finansiering
• Case: Lind Equipment – bestyrelsen og virksomhedens balance og kapitalberedskab
INDUSTRY DYNAMICS, STRATEGY GLOBALIZATION
• Globalization and Value Drivers
• Case: How to navigate and compete on the Global marketplace – board competences
at play
• Monitoring the competitive environment and
• Strategy Tools and Processes
• Case: The Strategy seminar
EKSAMEN
5 bestyrelsesmøder om
• Strategy and board leadership in a high-tech, high-growth Company
• Performance og direktionsskifte i Grundfos Gruppen
• Corporate Governance i Grundfos Gruppen
• Ejerskab, strategi og MA i Busk industrier
• Bestyrelsens overvejelser inden endeligt bud på overtagelsen af DLH