Executive firings a sign of boards’ rising power

Sep 17, 2013

The surprise firing of Danske Bank managing director Eivind Kolding yesterday cements a shift in power in Danish companies that has seen boards of directors assert their will over executives who don’t live up to their expectations.

Stock analyst Niels Leth said we should expect more managing directors to lose their jobs in the months to come.

“Boards have become more professional and heavy-handed in their approach. Executives who don’t deliver or who don’t have the right profile get fired.”

Berlingske Business

This story was included in The Copenhagen Post's Morning Briefing for Tuesday, September 17. If you would like to receive stories like these delivered to your inbox by 8am each weekday, sign up for the Morning Briefing or one of our other newsletters today.

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Executive firings a sign of boards’ rising power

New US Arctic security strategy co-opts Denmark as Russia deterrent

Anti-whaling activist and Greenpeace co-founder Paul Watson arrested in Greenland

Migratory birds bring dangerous ticks to Denmark

Planes grounded in CPH as worldwide IT outage hits airlines, media and banks

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Foreign labour contributes DKK 76 billion to Danish economy in three months

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