Each year, the World Bank publishes the Doing Business Report, which evaluates the business climate across 189 countries worldwide. The report investigates 11 criteria all essential to the establishment and operation of a business. On behalf of Horten, Jim Øksnebjerg, partner, contributes to the report in relation to investor protection.
Jim Øksnebjerg describes the Danish regulation affecting the protection of minority investors, including listed companies, for the last seven years. The report includes questions concerning the different types of resolutions at general meetings, including resolutions concerning change of shareholder rights, minority shareholders' possibilities of objecting to resolutions, legal capacity, hidden distribution of funds and directors' liability and liability to shareholders.
Since 2015, Denmark has been among the top-five best locations for doing business - and since 2016, Denmark has been in top three. As regards protection of minority investors, Denmark has been ranked as no. 17, 20 and 19 since 2015.