Question 1

What is BoardReady?

Accepted Answer

BoardReady is a digital governance and board platform for SMEs. It combines risk assessment, governance analysis and practical board work — so executives and boards can spot problems earlier, make better decisions, and follow up on them systematically. BoardReady is part of the Early Warning Index (EWI) suite.

Question 2

What tools does BoardReady include?

Accepted Answer

BoardReady brings several analyses together in one platform: the Risk Communication Score, Board Fit, a Governance Check across six dimensions, and an auto-built Board Pack with one-click export to PDF, PowerPoint or Excel. A Combined Readiness Report cross-checks the three analyses, and you manage your board, meetings, minutes and action items in the same place.

Question 3

What does BoardReady cost?

Accepted Answer

BoardReady Pro costs DKK 2,500 / EUR 335 per year. It includes a 15-day free trial, no setup fee and no lock-in — you can cancel anytime. Each company plan covers up to 3 logins, with no per-meeting or hidden costs.

Question 4

Who is BoardReady for?

Accepted Answer

BoardReady is built for owner-managers and CEOs of SMEs who report to a board or ownership group but do not yet have a full professional governance setup, and who want to spend less time preparing board material and get more value out of their board.

Question 5

What is the Risk Communication Score?

Accepted Answer

The Risk Communication Score (RCS) is a 0-100 assessment of how board-ready your risk communication is. It evaluates four dimensions: Completeness, Credibility, Actionability, and Balance. Scores 85+ are Board-Ready, 70-84 are Solid with Gaps, 50-69 Need Work, and below 50 are Not Ready.

Question 6

Does an ApS or A/S need a board of directors?

Accepted Answer

In Denmark, a private limited company (ApS) is not legally required to have a board of directors — it can be run by executive management (direktion) alone. A public limited company (A/S) must have a board or a supervisory body. Even when a board is optional, owner-managers often choose an active board or advisory board once they pursue growth, external capital, or a generational handover, because an independent board adds oversight and challenge. BoardReady helps you assess whether your current board setup matches the phase your company is entering.

Question 7

What is good corporate governance?

Accepted Answer

Good corporate governance is the way a company is directed and controlled: clear roles between owners, board and management, sound risk oversight, and systematic follow-up on decisions. Listed companies in Denmark follow formal recommendations (Anbefalingerne for god selskabsledelse); for SMEs, the Danish Business Authority and CBS recommend lighter but regular governance practices — including ongoing evaluation of the board's work. BoardReady's Governance Check scores your governance maturity across six dimensions, so you can see where you stand and what to improve.

Question 8

What does a board of directors actually do?

Accepted Answer

A board of directors sets the overall strategy, appoints and supervises the executive management, oversees finances and risk, and ensures the company meets its legal obligations — it does not run day-to-day operations. In practice the board challenges the CEO, asks the hard questions before problems grow, and holds management accountable for follow-up. BoardReady is built to make that work sharper: better preparation, the questions a board will predictably ask, and systematic follow-up between meetings.

Question 9

What is the difference between a board of directors and an advisory board?

Accepted Answer

A board of directors (bestyrelse) has formal legal authority and responsibility: it makes binding decisions, is registered with the Danish Business Authority, and its members carry a management duty and can incur liability if they act negligently or in breach of their duties. An advisory board only advises — it has no formal authority, no registration, and no governance responsibility. Many SMEs start with an advisory board for input and flexibility, then move to a formal board as they grow. BoardReady works for both: it helps you evaluate whether the people around your table match what the company needs now.

Question 10

What does a board cost in an SME?

Accepted Answer

There is no fixed rate. In small and mid-sized Danish companies, the fee per ordinary board member is typically in the range of some tens of thousands of kroner per year, with the chair usually paid more, plus the time the company invests in preparation and meetings. The real question is not only the cost but the value: a board that spots problems early and sharpens decisions pays for itself. BoardReady helps you get more out of that investment with better preparation and follow-up.

Question 11

What should board meeting minutes contain?

Accepted Answer

Under the Danish Companies Act, board meetings must be recorded in minutes (a protokol). Good minutes capture who attended, the decisions made and their rationale, any disagreements or conditions, and the agreed actions with owners and deadlines — they are the record the board is accountable to. BoardReady lets you manage meetings, minutes and action items in one place, so decisions and follow-up don't get lost between meetings.

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