Laws governing foundations in Denmark
Novo Nordisk Foundation is a Danish foundation with corporate interests registered with the Danish Business Authority under CVR (Central Business Register) number 10582989 and therefore operates independently of any other interests than those described in the Foundation’s objectives in the Articles of Association.
The most relevant law applying to the Foundation is therefore the Danish Act on Commercial Foundations.
As stipulated by the Danish Act on Commercial Foundations, Denmark’s Ministry of Justice, represented by the Danish Civil Affairs Agency as the agency supervising commercial foundations, and the Danish Commerce and Companies Agency supervise the Foundation, ensuring that it is managed responsibly and that it operates in accordance with the law and its Articles of Association.
The Danish Act on Commercial Foundations also includes detailed provisions on such matters as management, auditing, awarding grants and the use of research results.
Read more about the Danish Act on Commercial Foundations (in Danish).
Updated on February 11, 2015. JxpL