Independent University Newspaper
Copenhagen Business School

Popular searches:

Independent University Newspaper

Copenhagen Business School

CBS to return DKK 692,000 to the Agency for Higher Education and Science

Building shot from frog perspective

(Photo: Anna Holte)

CBS contravened the rules when it paid the former President of CBS a one-off fee of DKK 692,000. Now, the Agency for Higher Education and Science is demanding a full refund. CBS has asked the Legal Advisor to the Danish Government to investigate whether CBS can claim against the former board. The investigation is expected to end before 2022, according to the University Director.

News |   13. Sep 2021

Anne Thora Lykkegaard


In their report, ‘Revisionen af statens forvaltning 2020’, the National Auditors concluded that a one-off fee of DKK 692,000 given to the former President of CBS contravened the rules and regulations for government subsidies. The Ministry of Higher Education and Science was therefore advised to claim a full refund.

Now, the Agency for Higher Education and Science, on behalf of the ministry, is taking that advice and demanding a full refund, according to a press release from the ministry.

“There are no two ways about it. Government grants must be spent in compliance with the rules,” says Jesper Petersen, the Minister for Higher Education and Science in a press release from the ministry and continues:

“A one-off fee to a former president at CBS was against the rules, and the request from the National Auditors concerning a refund is self-evident. I’m satisfied that the Agency for Higher Education and Science will react.”

Not only was the one-off payment against the rules, the former Chairman of the CBS Board of Directors, Karsten Dybvad, was aware of the non-compliance, the report states.

In an email to CBS WIRE, Karsten Dybvad explained why he signed the agreement involving the one-off fee back in 2016.

“The responsibility for entering the contract is mine, and I, of course, note the Public Accounts Committee and the National Auditors’ criticism and await CBS’ clarification of the case’s conclusion,” he wrote.

Every year, the state pays CBS a taximeter grant. In 2020, it amounted to DKK 660 million and is CBS’ largest source of income. The money is provided on condition that it is used in compliance with state rules and regulations.

CBS WIRE has asked Kirsten Winther Jørgensen, the University Director at CBS, whether similar agreements have been made in the current president’s contract.

“In connection with the National Auditors’ work, we have looked over whether there are similar agreements about fees at CBS. There are not,” she writes in an email to CBS WIRE.

According to the press release, the Agency for Higher Education and Science will offset against CBS the equivalent value of the one-off fee. Moreover, the agency has asked CBS to keep it informed of any claims CBS might consider directing at the former CBS Board of Directors.

Kirsten Winther Jørgensen explains in the email to CBS WIRE that CBS has asked the Legal Advisor to the Danish Government (Kammeradvokaten) to investigate whether there is a basis for making a claim against the former CBS Board of Directors.

“We expect the investigation to be finished later this year.”



Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

CBS to return DKK 692,000 to the Agency for Higher Education and Scienceby

  • News

    Staff layoffs: What happens if you’re fired

    The clock is ticking. On Thursday morning (5 October), CBS employees will know if they are up for dismissal or not. But what will happen on the day? What emotional stages are you likely to encounter? And who will be there to pick you up when you are feeling the blow of being laid off? CBS WIRE has talked to HR and the consulting agency Actief Hartmanns to provide you with answers.

  • News

    Network, network, network – CBS graduates advise on getting your first job

    There are many approaches to finding your first job. Three recent CBS graduates talk about how they landed theirs. Their approaches were quite different, yet they all highlight networking as a key element.

  • News

    A-Z of the dismissals

    In these final days of September, the fate of a number of CBS employees is being decided. The final amount of money saved on salaries via voluntary severance agreements (aka redundancy packages, Ed.) and senior agreements will be known.  After this, the actual number of employees up for dismissal will be decided by management – and then the individuals will be selected.

  • News

    Layoffs break the crucial trust between organisation and employee

    CBS is laying off a number of employees soon, which will affect our university in different ways. When employees are fired without having done anything wrong, it shatters the trust between the organisation and employees, while also taking a toll on productivity, according to a CBS expert. Layoffs also affect the ‘survivors’, who are forced to adapt to a changed workload and the loss of cherished colleagues.

  • News

    Here to help – at the touch of a button and at Campus Desk

    Exam anxiety? Lost student card? I’ve wedged my car between a Fiat 500 and a lamp post, can you help? You never know what you’ll be asked next. But that’s just how the Campus Desk team like it. And if they can’t fix your problem, they’ll know someone who can. CBS WIRE asked the team about the whole range of topics they advice on every day.

  • Gif of the week
  • News

    CBS Quiz Time: Unraveling the success story

    A successful university environment such as CBS is often associated with academic pursuits, but campus life extends far beyond the classroom. At CBS Quiz Time, a student society motivated by creative thinking and social engagement, students join in a refreshing range of creativity, excitement, and social interaction. CBS WIRE talked to Celine Møller-Andersen to find out about the society’s vision, strategies and the factors that are driving its rapid expansion.

  • News

    Why so sudden? The CBS financial crisis explained

    Employees and union representatives have posed many questions in the wake of the 17 August announcement of a firing round. In this interview, University Director Arnold Boon explains how Senior Management has been working with the budget and a change of financial strategy since the fall of 2022, and why layoffs are now necessary.

Follow CBS students studying abroad

CBS WIRE collaborates with

Stay connected