Read the untranslated law here: https://www.retsinformation.dk/Forms/R0710.aspx?id=115616
Executive order on supplements to the Danish Design Center
Pursuant to § 3 (2) of law No. 602 by 24. June 2005 on business promotion and under the authority of section 1 of the Decree No. 1283 of 12. December 2005 on the provision for certain powers upon the law on business promotion to the Danish enterprise and construction authority shall be fixed:
§ 1. Danish Design Center's purpose is to promote the use of design in business and professionalisation of the design industry as well as to document, promote and fires Danish design nationally and internationally.
The scope of the
§ 2. This Ordinance shall apply so long as the Danish Design Center receives grant from the Ministry of economic and business affairs in accordance with law on business promotion.
(2). The rights and obligations, as a result of this order, shall be the responsibility of Danish Design Center, also applies to other legal entities that are owned by the Danish Design Centre, and which receive grants from the Ministry of economic and business affairs in accordance with law on business promotion.
Conditions for grant
§ 3. As conditions for receiving grants must Danish Design Center included an annual performance contract with economics and business, where the Danish Design Center's activities determined.
(2). Danish Design Centre are subject to the supervision and financial control by the Danish enterprise and construction authority as described in this notice, the Danish Design Center's bylaws and the undertaking conditions issued in connection with, or in addition to, the Ministry of economic and business affairs performance contract with the Danish Design Center.
§ 4. The grant to the Danish Design Center established in a performance contract, see. § 3 out from the annual budget appropriation.
Budget, accounts and audit
§ 5. Danish Design Centre shall prepare a budget for the Centre's activities in the coming year, as most recently in december, shall be submitted to the Board for approval. The approved budget of the Board are submitted to the Danish enterprise and construction authority. The budget to be drawn up in accordance with the guidelines drawn up by the Danish enterprise and construction authority.
§ 6. Danish Design Centre at the end of the year draws up an annual report for the financial year referred to in article 6. also § 7 and § 8.
(2). Danish Design Center's audited annual report, including a management report and a copy of the audit Protocol, must be approved by the Board and submitted to the Danish enterprise and construction authority within 4 months after the end of the financial year.
(3). The management report shall:
1) describe the Center's main activities
2) outline the evolution of the Center's activities
3) mention significant events which occurred after the end of the financial year
4) describe the Center's expected development, including specific assumptions and uncertain factors, such as management has laid the basis for the description.
§ 7. Danish Design Centre must at least take an annual report in accordance with the rules for companies subject to the accounting class A of the Danish financial statements Act.
§ 8. Danish Design Center's annual report should be subject to auditing by a chartered or certified accountant.
(2). Danish Design Center's auditor must follow audit script included in the terms of the undertaking, in accordance with article 3. § 3, paragraph 2.
(3). Danish Design Centre to inform the Danish enterprise and construction authority concerning the name of the Center's elected auditor. In the case of the auditor change should the Danish enterprise and construction authority is informed thereof.
§ 9. The review must be carried out in accordance with accepted auditing standards and good public auditing practice.
(2). As part of the review examines the auditor the existing business processes, including business corridors for the registration of the grant operative factors, in order to verify whether the internal control is reassuring.
(3). The auditor must comply with additional requirements relating to the revision, as the Danish enterprise and construction authority provides for auditor's performance of its tasks.
(4). The Danish enterprise and construction authority may instruct the auditor to provide information about the Center's conditions.
Other aspects of supervision
§ 10. The Danish enterprise and construction authority must approve extraordinary transactions which may lead to the risk that the statutes cannot be complied with, as well as buying, selling or mortgaging of real estate.
(2). The Danish enterprise and construction authority must approve changes in the Danish Design Center's bylaws.
§ 11. Danish Design Centre must provide and give the Danish enterprise and construction authority the information, as the agency finds necessary to carry out the supervision and control of the Danish Design Center. Danish Design Centre shall bear the costs associated with the provision of such information.
(2). Danish Design Centre shall give the Authority's auditor the information this considers as necessary to enable the auditor to carry out its business, including judge Center's annual report.
§ 12. Submission of material and information as referred to in sections 5 and 6 can be done electronically with digital signatures.
Complaint and commencement provisions
§ 13. Enterprise and construction authority's decisions pursuant to this Ordinance cannot be brought before another administrative authority.
§ 14. The notice shall enter into force on the 1. May 2008.
Economic and business affairs, the 9. April 2008 Finn Lauritzen/Dorte Nøhr Andersen
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