Independent University Newspaper
Copenhagen Business School

Popular searches:

Independent University Newspaper

Copenhagen Business School

Per Holten-Andersen: We discussed terminating all collaboration with Danske Bank

Former CEO of Danske Bank, Thomas F. Borgen, was invited to spend an academic year at CBS as an Executive in Resident from September 2017 to 2018. (Photo: Ulrik Jantzen)

"If CBS wasn’t bound by Danish law, we would have considered going further in terminating its collaboration with whitewash-hit Danske Bank," says Per Holten-Andersen in CBS WIRE’s podcast ‘Grade focus, foreign researchers and Danske Bank: A farewell from Per Holten-Andersen’.

News |   30. Jan 2019

Jakob Slyngborg Trolle


Retiring president of CBS, Per Holten Andersen reveals that it was legislation and not the will of CBS that prevented the school from cutting further collaboration with Danske Bank.

Collaboration that includes event sponsorship, research funding worth several million kroner, and logo sponsorship in an auditorium – just to name a few examples.

“We requested a legal evaluation of what we could do, and the verdict was clear. Existing collaboration with Danske Bank could not just be terminated without potential consequences for CBS. We would have been breaking the law and could potentially be subject to a lawsuit. That’s why we decided not to terminate all contracts with Danske Bank,” says Per Holten-Andersen in CBS WIRE’s podcast.

This statement sheds new light on the school’s decision to continue existing cooperation with Danske Bank and to terminate only future involvement after it became clear that the bank was deeply involved in one of Europe’s biggest bank scandals.

“These are not the morals or ethics we want to convey to our students. We considered going further.”

How much further would you have gone? Would you have terminated all collaboration?

 “To answer that clearly, I would have to go into every aspect of every collaboration with Danske Bank. But in principle, yes.

A necessary decision

The harsh actions – or at least the intended harsh actions – are part of CBS’ responsibility towards its students.

“As a university that delivers a third of all top leaders for the private sector, we simply had to react. We wanted to send a clear signal that this type of leadership is not one that we condone, and it’s certainly not the type of role model we want for our students,” says Per Holten-Andersen before he concludes:

“We need role models who dare to make the right decisions. Not only when it favors you, but also when it costs you profit.”


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.

Per Holten-Andersen: We discussed terminating all collaboration with Danske Bankby

  • News

    Union reps want transparency about redundancy packages

    The unions are hoping for a fair process – and the AC club is calling for transparency about redundancy packages. Academic union representatives expect that actual dismissals can be avoided among faculty members, whereas administrative staff are expecting layoffs.

  • Gif of the week
  • News

    Snapshots: CBS staff busy preparing for a new semester

    For the staff at CBS, the weeks and sometimes even months leading up to study start are spent busily preparing for new and returning students and a brand-new semester.

  • Guide

    Those odd little words

    Some words of advice from CBS WIRE’s proofreader Helen Dyrbye, a British expat who has lived in Denmark for decades. Here she explains a few tiny words that can occasionally spell BIG trouble.

  • News

    Community is key for study start 2023

    This year, showing both new and returning students the concept of ‘community’ at CBS is a top priority. There is room for everyone, and you can find others that share the same interests as you. Those are the key messages from the Student Communications team. This is highlighted by two campaigns, during the introduction week and at the Bachelor Kick Off.

  • News

    CBS at Copenhagen Pride – in photos

    2023 is the first year for the new organisation Colorful CBS to organise the participation in Copenhagen Pride Parade.

  • News

    Cutbacks lead to reduction of 60-70 fulltime staff

    It’s been ‘welcome back’ from the summer holidays for a few weeks now – and soon goodbye to some with a message many had anticipated with dread: a reduction totalling at least the equivalent of 60-70 full-time staff members.

  • News

    It actually is rocket science! CBS student competences wanted at student rocketry association DanSTAR

    DanSTAR – a successful student rocketry association based at DTU – wants to enlist CBS students and their competences. CBS WIRE followed along on an excursion to the rocket garage.

Follow CBS students studying abroad

CBS WIRE collaborates with

Stay connected