Document background
The Business Management Agreement serves as a crucial legal framework for companies operating in Denmark who wish to formally engage management services, either through individual managers or management service providers. This document is essential when establishing new management relationships, restructuring existing arrangements, or formalizing management services across group companies. It encompasses key aspects such as management duties, authority limits, compensation structures, and performance metrics, while ensuring compliance with Danish corporate law, employment regulations, and relevant EU directives. The agreement is particularly important for protecting both parties' interests, establishing clear governance structures, and maintaining transparency in management relationships. It should be tailored to specific business needs while adhering to mandatory Danish legal requirements and incorporating best practices in corporate governance.
