Board of Directors or Supervisory Board: Legal Aspects of the Choice Between One-Tier and Two-Tier Management in Danish Public Limited Companies after the 2009/2010 Company Reform - European Company Law View Board of Directors or Supervisory Board: Legal Aspects of the Choice Between One-Tier and Two-Tier Management in Danish Public Limited Companies after the 2009/2010 Company Reform by Erik Werlauff - European Company Law Board of Directors or Supervisory Board: Legal Aspects of the Choice Between One-Tier and Two-Tier Management in Danish Public Limited Companies after the 2009/2010 Company Reform Erik Werlauff 6 6

In 2009 the Danish Parliament adopted legislation that offers Danish public limited companies the choice between 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) and a one-tier management structure (in which a single company organ, the board, is divided into those responsible for the day-to-day management and those responsible for the overall management).

European Company Law