Member of the Amcham network. Dedicated to the memory of Per Månsson who truly made a difference Board Member Treasurer

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2 Member of the Amcham network Dedicated to the memory of Per Månsson who truly made a difference Board Member Treasurer

3 2007 Founded in 1999, the American Chamber of Commerce in Denmark (AmCham Denmark) is a non-profit, non-governmental business association that is part of the international network of AmChams spanning 91 countries and headquartered in Washington DC. Our core mission is to support value creation among Chamber members by improving the investment climate in Denmark and the U.S.; promoting entrepreneurship, innovation and global competitiveness; and facilitating trans- Atlantic commerce and knowledge exchange. AmCham Denmark would like to thank Hans Henrik Tholstrup for providing the aerial photos of Denmark for this publication. To learn more about his photos, publications, and special services please visit: Contents Message from the Ambassador 6 Message from the Chairman 8 Board of Directors 9 About AmCham Denmark 11 Message from the Executive Director 12 AmCham Staff 12 AmCham Denmark Profile 13 Managing Editor: Chris Eberhart Writer and Editor: Scott Berman Layout & Design: Woer Gregorius Printing: Phønix Trykkeriet A/S Contact Information: AmCham Denmark, Christians Brygge 28, 1. th 1559 Copenhagen V, Denmark Phone (+45) Fax (+45) The American Chamber of Commerce in Denmark has made every effort to insure the accuracy of the information in this publication. AmCham Denmark Policy & Advocacy 17 AmCham Denmark Company Promotions & Profiling 21 AmCham Denmark Knowledge Exchange 25 AmCham Denmark Networking 33 Special Section Doing Business in Denmark AmCham Denmark Members 63 AmCham Denmark Annual Membership Reception 72 & Entrepreneurship Award AmCham Denmark Membership Directory 75 We apologize for any errors or omissions. AmCham Denmark Worldwide Network 101 Other Key Contacts AmCham Denmark would like to thank Hans Henrik Tholstrup for providing the aerial photos of Denmark for this publication. Hans Henrik Tholstrup 5

4 Ambassador James P. Cain Ambassador James P. Cain was nominated by President Bush as U.S. Ambassador to the Kingdom of Denmark on June 30, Following confirmation by the U.S. Senate on July 29, Ambassador Cain took the oath of office in the Old House Chamber of the State Capitol in Raleigh, North Carolina on August 10, He and his family arrived in Denmark on August 14, Message from the Ambassador An Open Letter from the American Ambassador Brug gammelt foto 2006 was an outstanding year for the American Chamber of Commerce in Denmark, and for productive cooperation between the United States Embassy and AmCham. Together we worked to ensure successful high-level visits by such leaders as Colin Powell, Steve Forbes, and U.S. Chamber of Commerce President Tom Donohue. We teamed up to promote Denmark as a destination for American business and investment, and we strove in tandem to persuade the Danish Government to make Denmark s business and investment climate even more conducive for American firms and individuals by implementing AmCham s well-crafted Foreign Investors Agenda. I am particularly proud of the partnership between the Embassy and AmCham in launching a diversity internship program that promotes positive perceptions about America within the community of New Danes and helps assimilate immigrants into Danish society by providing valuable real-life job experience. Helen and I, and our Embassy colleagues, have also been pleased to host and participate in a wide-range of AmCham functions and events that range from company promotion dinners to roundtable discussions on key political and economic issues of interest. We at the Embassy look forward in 2007 to continuing our close and cooperative working relationship with AmCham s Board of Directors, Executive Director Stephen Brugger and his fine staff, and all of AmCham s members to advance our mutual goal of increased prosperity for America and her commercial allies. Sincerely, James P. Cain Ambassador of the United States of America To the Kingdom of Denmark Upon arrival in Denmark, Ambassador Cain spearheaded the development of a mission statement that serves as a shared commitment of all agencies of the Federal Government represented at the Embassy in Copenhagen. The statement commits the U.S. Embassy to work with Danish and regional allies to fight terror and the enemies of human dignity, advance our shared political and humanitarian goals, and assist American citizens and businesses as they pursue their charitable and commercial interests. Ambassador Cain has engaged in an aggressive and broad range of outreach to the Danish public as well as government, academic, business, cultural and media institutions of Denmark. This outreach has included such initiatives as the launch of a major sports diplomacy program designed to use sports as a tool to promote tolerance and understanding in Denmark's immigrant and Muslim communities. The NFL, NBA, and WNBA are partnering in our efforts. Other initiatives have included a diversity internship program with the membership of the American Chamber of Commerce in Denmark and an aggressive public diplomacy initiative to engage young people and ethnic minorities to explain U.S. policies, society, and values. Ambassador Cain has made economic cooperation and development between the United States and Denmark a focal point of the mission by focusing on projects such as the creation of entrepreneurial exchange and 'best practice' programs, a showcase for North American defense and security capabilities and trade and economic development tours in the United States and in Denmark. Prior to his service as America's Ambassador to Denmark, Ambassador Cain s career spanned the business and legal world. He was with the international law firm of Kilpatrick Stockton for twenty years, co-founding the firm s Research Triangle office in He was also involved in multiple business ventures in various fields, and served from as President and Chief Operating Officer of the National Hockey League franchise and current Stanley Cup Champions, the Carolina Hurricanes. He has held numerous positions on the boards of civic and business organizations in his home state of North Carolina, including the North Carolina Citizens for Business and Industry and the Eastern North Carolina Chamber of Commerce. He has been honored by his community as Business Leader of the Year by Business Leader Magazine, received the "John Ross Leadership Award" from the Greater Raleigh Convention and Visitors Bureau, and received the National Outstanding Community Service Award from the American Diabetes Association in A native of North Carolina, he was born in Charlotte, did his early schooling in Winston-Salem, and attended high school at High Point Central. He did his undergraduate work and earned a law degree from Wake Forest University. Ambassador Cain has been politically active for many years, going back to the early campaigns of President Ronald Reagan. He served as Republican National Committeeman for North Carolina from 2003 to 2005, and served as Regional Chairman for the Bush-Cheney 04 Campaign. He served as President Bush s Emissary to the Philippines in American Chiefs of Mission at Rydhave Minister Monett B. Davis (1945) Ambassador Josiah Marvel, Jr. ( ) Ambassador Eugenie Andersen ( ) Ambassador Robert Coe ( ) Ambassador Val Peterson ( ) Ambassador William McCormick Blair, Jr. ( ) Ambassador Katherine E. White ( ) Ambassador Angier Biddle Duke ( ) Ambassador Guilford Dudley, Jr. ( ) Ambassador Fred J. Russel ( ) Ambassador Philip K. Growe ( ) Ambassador John G. Dean ( ) Ambassador Warren D. Manshel ( ) Ambassador John L. Loeb, Jr. ( ) Ambassador Terence Todman ( ) Ambassador Keith L. Brown ( ) Ambassador Richard B. Stone ( ) Ambassador Edward E. Elson ( ) Ambassador Richard N. Swett ( ) Ambassador Stuart Bernstein ( ) Ambassador James P. Cain (2005-) Ambassador Cain and his wife, Helen, have two daughters, Cameron (age 16) and Laura (age 14). 6 7

5 Message from the Chairman AmCham Denmark Board of Directors In 2006 AmCham Denmark embarked I m encouraged by AmCham s progress in 2006 and antici- on a new journey, highlighted by the October release of our Foreign Investors Agenda, which recommends ways to make the Danish economy even stronger. Our journey will contin- pate more in I m encouraged by the dialogues we ve started with key decision makers in Denmark and the United States, the relationships we are building through our networking and outreach, and the value of these initiatives to our members. Honorary President: James P. Cain U.S. Ambassador to Denmark United States Embassy Chairman: Paul Coleman General Manager Biogen Idec Manufacturing ApS ue until Denmark is recognized as a global investment magnet and a model of economic innovation and sustainability. There will be challenges along the way, but we will get there through vision, resolve, and perhaps more than We believe that our efforts will lead to more growth, more jobs, and new opportunities for our companies and for Denmark as a whole. We won t reach our destination this year or next, or the one after that, but with your active support, we will go far on that long and crucially important journey. Vice Chairman: Mark Luscombe Managing Director Citigroup Denmark Treasurer: Søren Holm Chairman Hess Denmark ApS anything else, entrepreneurial spirit. Entrepreneurship is a state of mind. It is about trying to make things better for your business, your employees and your society. Entrepreneurs try and try again, launching and sus- Torben Juul Andersen Associate Professor Copenhagen Business School Jørgen Bardenfleth Country General Manager Microsoft Denmark taining businesses despite setbacks, withstanding failure when it happens, and seizing opportunities for success. Entrepreneurial spirit creates the kind of environment where businesses thrive. Paul Coleman, General Manager, Biogen Idec Steen Blomquist Head of Transaction Services Jørgen A. Engell Executive Vice President KPMG A.P. Møller Mærsk A/S Peter George Jesper Bertel Hansen Nordic President Strategic Account Manager, CSC Europe UPS Denmark A/S AmCham Denmark Lifetime Honorary Members: 2001 Ambassador Richard N. Swett 2002 Christopher Beede, Embassy Economic Officer 2003 Elias Panayotopoulos (Chairman ) 2005 Ambassador Stuart Bernstein 2005 Jonathan Grover (Chairman ) 2005 Deputy Chief of Mission Sally Mathiasen Light 2006 Dan O Day, Roche (Board Member and Healthcare Committee Chair ) 2006 Greg Burton, Embassy Economic Officer (Ex-officio Liaison Board Member ) Mette Winther Pedersen Branch Manager UL International Demko Jason Smith CPO/Country Head Novartis Healthcare A/S Michael C. Smiley Managing Director Tellabs Denmark Eskil A. Westh Partner Amrop Hever Management AmCham Denmark s chief governing and policy body consists of a board of directors democratically elected by the membership for two-year terms. Through the donation of their time and experience, the board members are responsible for the overall strategies and policy decisions of the AmCham Denmark organization. The board appoints an executive director who manages the organization s daily operations in the areas of membership, publications, finances, advocacy programs and the work of the various committees. Kim Østrup Vice President IBM Danmark A/S Ex-Officio Liaison Board Member John Rath Economic Officer United States Embassy 8 9

6 AmCham Denmark Hans Henrik Tholstrup (Left) Rosenborg Castle, (Right) The Black Diamond (Photos by Hans Henrik Tholstrup) Message from the Executive Director Our Mission What We Do Membership 10 11

7 Message from the Executive Director 2007 is shaping up to be an exciting and strategic year for AmCham and its members. We are building on the progress of a banner 2006, when the Chamber retooled its mission, released its Foreign Investors' Agenda and brought together key lawmakers, experts and executives. AmCham is focusing on strategically growing its membership while sustaining and servicing our existing members, and providing added value to memberships. That takes many forms, including conducting policy-driven events with key diplomats, ministers, and business leaders, whose decisions impact the economic climate in which our companies operate; and providing promotion and profiling opportunities such as sponsorships, member-to-member promotions, and events at the U.S. Embassy. You can read more about these activities and programs in the following pages. AmCham is strengthening its voice for international and American businesses in Denmark. Our work on policy and advocacy exemplifies the progress we ve made. The release of our Foreign Investors Agenda in October raised the bar for AmCham, and its distribution to key governmental agencies and legislators has increased the awareness of our member companies and the issues you face. You can find more information about the Chamber's policy activities in the policy and committee sections of this yearbook. AmCham is also leveraging its global network to support our member companies doing business in the United States and around the globe. With a visit from U.S. Chamber President and CEO Tom Donohue in October, important relationships with key Danish agencies and organizations were solidified, putting Denmark on the map with the world's largest business federation. In addition, AmCham assisted numerous members this past year to establish important business contacts through its extensive network in both Europe and Asia. Finally, this past year, the Chamber made a effort to increase its presence in the media, speaking out on issues of importance to the membership to gain results. In 2006, AmCham received coverage of seven separate themes in national business publications. Our efforts have brought more visibility, a stronger voice, and recognition for our member companies. We hope that you will find the 2007 yearbook to be an informative resource for your business. The information you ll find here may even generate some new ideas about optimizing your membership. Thank you to our sponsors for making this publication possible and thanks to you, our members, for your continuing participation and support. Stephen Brugger, Executive Director, AmCham Denmark AmCham Denmark Profile Our Mission AmCham s mission is to support value creation among Chamber members by improving the investment climate in Denmark and the U.S.; promoting entrepreneurship, innovation and global competitiveness; and facilitating trans-atlantic commerce and knowledge exchange. AmCham Denmark Staff Chris Eberhart Deputy Director Scott Dille Project Manager Davia Hayward Membership & Event Specialist Bo Kristensen Web Manager Scott Berman Journalist 12 13

8 Membership AmCham Denmark membership is open to both major corporations and small businesses (American, Danish and others) that have direct links to American business and share a common interest in the mission of the Chamber. Approval of membership resides with the AmCham Denmark board of directors. What We Do AmCham membership is not a personal membership. It is a company membership open to your entire management team. All management team members are urged to participate and take advantage of member benefits. The Chamber has three membership categories: Patron, Corporate, and Associate. Policy and Advocacy As the voice of foreign investors in Denmark, AmCham works to ensure an optimal investment climate in Denmark and to facilitate resolution of issues impacting our members through policy initiatives and strategic cooperations: Patron Membership Voting membership open exclusively to American companies or companies incorporated in the U.S. Foreign Investors Agenda Periodic position statements Cooperation with the U.S. Embassy and U.S. Commercial Service Dialogue with Danish government officials and business organizations As a member of a global network of American Chambers of Commerce, headquartered in Washington D.C., AmCham works on behalf of its members doing business in the U.S. and internationally: Accreditation in the U.S. Chamber provides access to U.S. legislators and government agencies AmCham s global network gives members access to business organizations and governmental agencies in more than 100 countries Eligibility for election to the AmCham Denmark board of directors Exclusive invitations to Patron member events Invitations to all regular events and activities for up to five company representatives Participation in all Executive Forum events Eligibility for chairmanship of AmCham Denmark committees Company logo in the annual Membership Directory Corporate profile and news features in Chamber newsletters and publications Professional assistance from Chamber staff in organizing corporate events Company logo and link on the Chamber website Corporate Membership Company Promotion and Profiling As an organization, AmCham Denmark provides value to its membership by offering effective and economical company profiling and promotion opportunities. Company promotions at the U.S. Embassy with AmCham coordination assistance Sponsorship opportunities AmCham events, website and publications Member-to-Member communication Knowledge Exchange As a forum for sharing best practices, AmCham works to facilitate knowledge exchange among its members: AmCham committees work to identify common issues and reach common goals High level events address key topics on a timely basis, and foster discussion among members, business and political leaders, and industry experts Networking Opportunities As a leading business association, AmCham Denmark believes in the development of members professional and personal networks: Voting membership open to all companies. Eligibility for election to the AmCham Denmark board of directors Invitations to all regular events and activities for up to two company representatives Participation in Executive Forum events (by invitation) Eligibility for chairmanship of AmCham Denmark committees Listing in the annual Membership Directory Listing on the Chamber website Associate Membership Non-voting membership open to small businesses and organizations with 15 or fewer employees. Invitations to all regular events and activities for one company representative Participation on AmCham Denmark committees Listing in the annual Membership Directory Listing on the Chamber website AmCham events and activities provide a forum for networking with peers, key business and political leaders, and industry experts AmCham committees promote cross-company cooperation and create valuable relationships AmCham s global network provides introductions and access to more than 100 countries 14 15

9 Policy & Advocacy Hans Henrik Tholstrup (Left) Dybbøl Mølle, (Right) Ørestad As the voice of foreign investors, AmCham Denmark works to facilitate the resolution of issues impacting its members operations through policy initiatives and position statements, and direct contact with key governmental decision makers. Accordingly, a series of events, editorial comment and comprehensive policy statements contributed constructive ideas about these issues to the business and political agenda in Denmark. AmCham s Foreign Investors Agenda and the Healthcare Committee s Healthcare Policy Agenda were the biggest developments along these lines. These wide-ranging reports go right to the core of the challenges critical to the investment and business community in Denmark. Here are some details

10 Policy & Advocacy Foreign Investors Agenda Healthcare Policy Agenda AmCham Denmark s Foreign Investors Agenda is a comprehensive and provocative set of recommendations aimed at strengthening Denmark s position in the competition for international investments. The agenda s priority points are: Create a tax and regulatory climate that encourages foreign investment Invest in a broadly accessible healthcare system based on innovation Reform the educational system to promote entrepreneurship and enhance innovation Enhance employers ability to attract and retain a quality workforce Encourage entrepreneurship by rewarding reasonable risk Support diversity in the workplace AmCham Chairman Paul Coleman, general manager of Biogen Idec, said the agenda, as well as the Danish government s recent 333-point proposal on how to make the economy more competitive, offer a chance to carpe diem (seize the day). The release of the agenda was followed up with an oped by AmCham Executive Director Stephen Brugger that ran in Børsen, the Danish business daily, on April 6. From the op-ed: As one of the smaller countries, it is essential that Denmark differentiate itself when a foreign investor is evaluating locations for a manufacturing or R&D facility in Europe. If we don t, it s easy for investors to pick the obvious solution of larger and more visible countries AmCham Chairman Paul Coleman describes the Foreign Investors Agenda. In May 2006 the policy agenda turned to healthcare, when AmCham Denmark s Healthcare Committee issued a comprehensive report that argued that Denmark needs to change the way it looks at the public healthcare system if it is to create swifter treatment, healthier workers, longer life expectancy and an improved quality of life. The information generated coverage in one of Denmark s leading newspapers, Berlingske Tidende, on June 10. The Danish healthcare system has fallen behind when it comes to innovation and research in medicine and medical treatment, resulting in comparatively low average life expectancy, unnecessarily long treatment times, and a great loss of workforce productivity. The report also details: High mortality among patients with potentially terminal but treatable illnesses Low usage rate of innovative medications Inferior conditions for pharmaceutical research These problems result in lost earnings due to illness absenteeism and indirectly undermine the desire for international firms to establish a presence in Denmark. AmCham s report recommends the following: It is necessary that we change some things if we are to attract foreign investment. Denmark should: Implement lower marginal tax rates and more attractive corporate tax rates; increase funding for research and development; reform the education system to produce a quality workforce in line with business needs; invest in accessible and innovative healthcare; and encourage entrepreneurship. Our member companies, which employ about 150,000 taxpayers in Denmark, stand ready to help with that process. Support more clinical experiments with innovative medications Encourage the introduction of needed, innovative medicines Decrease or abolish value-added taxes on innovative medications 18 19

11 Company Promotion & Profiling Hans Henrik Tholstrup Amalienborg Castle (Left: The Guard, Right: The Canal) In 2006 AmCham Denmark introduced more services and more opportunities for our members to promote and profile their companies including: Sponsorship Member-to-Member Company promotions at the U.S. Embassy and Rydhave Ambassador company visits 20 21

12 Company Promotions at the U.S. Embassy and Rydhave Sponsorship In 2006 AmCham introduced its sponsorship program. Sponsor support enables the Chamber to create high- Member-to-Member quality publications, maintain an informational website, develop its business agenda, organize high-level events with governmental and business leaders, and AmCham also introduced the Member-to-Member (M2M) program, which includes a complete M2M Sun Microsystems CEO Scott McNealy (center) speaks to AmCham members at a Rydhave reception. sustain our valuable professional and social network. section on the AmCham website. Members are welcome to share important news, announcements, spe- Companies planning high-profile visits by The key sponsorship opportunities include: cial offers, and event invitations with other AmCham their chief executives have used prestigious members via direct mainings to AmCham Denmark s locales the U.S. Embassy and its Diplomat AmCham Publications & Website a cost effec- member database and/or via postings on the restaurant, and Rydhave, the official resi- tive way to raise brand equity, enhance positioning, AmCham Denmark Website. dence of Ambassador James Cain for their and extend your reach to more than 1500 potential company promotions and profiling events, customers, partners, and suppliers within AmCham Denmark s local and global executive networks all year long. AmCham Events puts your company front and Contact AmCham Denmark or visit the AmCham website for more information. organized with AmCham and the U.S. Commercial Service. AmCham Patron member Struers held a new products and strategy session at the Embassy Weibel President Peder R. Pedersen, right, hosts Ambassador Cain at Weibel Scientific, an AmCham Corporate member, in December center at high-level events. AmCham events create in January, attended by more than 40 both the ideal starting point for launching new brand American sales and marketing professionals. members, and others at events tied to new campaigns and delivering your company message; and Another AmCham Patron, Verizon Business, products and services. provide a platform for follow-up member-to-member utilized the meeting facilities for a hosting sem- direct mailings. inar in April. Also, AmCham Patron member UL In addition, Ambassador Cain, an enthusias- International Demko celebrated its 10 years of tic proponent of American-Danish trade, vis- cooperation in Denmark and looked ahead at ited with a number of AmCham member an event at the Embassy in June. Ambassador companies for events at their headquarters Cain welcomed the participants, who also during attended a roundtable discussion and a lunch at The Diplomat. Waters and Global Eyes Such events and visits showcase the unique rounded out the promotion and profiling working relationship between the Embassy agenda for the year with events in November. and the Chamber. They also offer possibilities for promotional and profiling events for your Rydhave was the site of high-profile receptions in 2006 with Larry Kellner of Continental Airlines; Scott McNealy of Sun Microsystems; and Steve Ballmer of company, particularly when your chief executive visits Denmark. The options for your company in 2007 include strategy sessions, roundtables, panel discussions, receptions, Larry Kellner, CEO, Continental Airlines;and Ambassador James P. Cain; meet at a Rydhave luncheon in April. Microsoft. Each of these corporate leaders dinners and customer service seminars. Call mingled with the Ambassador, AmCham AmCham for the details. Mette W. Pedersen, UL Demko; Hamid Syed, UL Europe; Søren Krøigaard, Sikkerhedsstyrelsen; Barbara R. Guthrie, UL; and Henning Østerbye, formerly of Demko, gather at the U.S. Embassy for UL International Demko s 10th anniversary event. Ambassador Cain, Microsoft Denmark Managing Director Jørgen Bardenfleth, and Microsoft CEO Steve Ballmer; at a dinner in April

13 Knowledge Exchange AmCham Denmark Committees Hans Henrik Tholstrup (Left) Rosenborg Castle, (Right) Kongens Nytorv AmCham Denmark s committee system is a key aspect of what we do and hope to accomplish as an organization. Our committees drive policy and advocacy and offer excellent opportunities for knowledge exchange between companies. Our committees work with many issues that directly and indirectly affect the key operations within an organization, for example, taxes, security, risk management, innovation, professional development, and a healthy, productive, and motivated workforce. Each type of committee enables members to identify and address common issues, and achieve common goals. All the more reason to get involved. AmCham Denmark currently supports 7 committees: Analytical Instruments Executive Forum Healthcare Human Resources OSAC Denmark Sales and Marketing Tax and Finance 24 25

14 Speakers at the September OSAC event: Adam Dobby, AON; Fred Stolper, Deputy Director, OSAC; Henriette Korf, Security Consultant - Danish Intelligence Agency PET; Corey J. Vitello, European Regional Director, OSAC. Attendees at the April 25 roundtable at Rydhave. Executive Forum OSAC Denmark Country Council The Executive Forum is a managing directors forum where top executives meet to discuss best practices. The Executive Forum made its official debut in 2006 with a September roundtable hosted by Ford Motor Company, which explored the challenges and opportunities inherent in a Nordic operation. How can companies corral and harness the power of various operations spread across the Nordic region? The Executive Forum was born out of earlier Ambassador s Roundtable meetings held in February, hosted by Gorrissen Federspiel Kierkegaard law firm in Århus, Jutland and in April, at the Ambassador s residence, Rydhave. The executives in both sessions discussed best practices generally, and the special challenges and opportunities for U.S. subsidiaries operating in Denmark. OSAC is comprised of the American private sector in Denmark. Its mission is to provide a forum for this sector and the U.S. Embassy to exchange information and promote programs designed to enhance the safety and security of the community. Membership is limited to U.S. citizens, U.S. entities, and non-u.s. citizens managing U.S. subsidiaries residing and or legally constituted in Denmark. The OSAC committee was particularly active in In May, Andrew Howell, vice president of U.S. Chamber of Commerce Homeland Security Policy, discussed homeland security as risk management at an OSAC seminar at the Embassy. In September, leaders of the Nordic OSAC country councils gathered to discuss best practices in Copenhagen. The 1 1 /2 day program concluded with an OSAC business breakfast on Nordic security challenges. The attendees managing directors, mostly of American subsidiaries shared some answers to that and other questions during the session. The 25 business leaders recounted their experiences and shared best practices of going regional in a time when most organizations are looking to do more, in more places, with less. John Hestehave, Struers; Mark Luscombe, Citigroup; Scott Berman, AmCham; and Mette Winther Pedersen, UL International Demko at the session on Nordic business models. Andrew Howell, U.S. Chamber, at the May event. The regional security officers from the Nordic and Estonian U.S. embassies attended the September seminar. Planning Group Members: Pete George, CSC; Mark Luscombe, Citigroup; Kenneth Jørgensen, Ford Motor Company; Kurt Bager, EMC. OSAC Steering Group: Chairman, Steve Glick, Chevron Denmark; Peer Wollenberg, American Aviation Data; Arthur Buchman, NLP World; Volker Dinstuhl, Copenhagen Marriott; Kurt Essenbæk, Unisys; Anette Landberg, Oracle Danmark; Steffen Ring, Motorola; Lizzi Schultz, 3M; Anders de la Motte, Dell; Ted Collins, U.S. Embassy

15 Randy Spicochi, Biogen Idec s HR country manager, and event speaker Kurt Hillman, Hess, address cross-cultural management issues in May. Thermo Sales Director Willy Bjørklund demonstrates their latest equipment at ESAC Healthcare Pharmaceutical Committee members and diplomats gather at Rydhave in February Human Resources Analytical Instruments AmCham s Healthcare Committee is a managing director forum for research-based international pharmaceutical and biotech companies in Denmark. Through our investments in research and development and our work with the Danish healthcare system, we hope to fulfill our vision in becoming an invaluable asset to both the industry and to the people of Denmark. Toward that end, the committee works with various stakeholders in Danish healthcare in coordination with the Danish Pharmaceutical Industry Association, LIF. The committee met with Ambassador James Cain in February 2006 to discuss the challenges faced by the pharmaceutical industry in Denmark. In May 2006 the committee documented the sector s concerns and made recommendations in a comprehensive report distributed to key stakeholders in the Danish healthcare industry. The AmCham HR Committee is comprised of HR management professionals from AmCham Denmark member companies across sectors. The committee provides a meeting forum for HR professionals to consider strategic issues, facilitate regular exchange of information and share best practices. The goal is to create a stronger workforce and an enhanced working environment. This year s committee initiatives included a roundtable session where experts and participants shared their ideas about how American managers and Danish employees can best work together. About 40 HR managers and other executives from across sectors attended the thought-provoking session hosted by Rønne & Lundgren in Hellerup. Analytical Instruments (AI) is an industry-specific committee representing the interests of U.S. analytical instruments companies in Denmark, allowing its members to work together to achieve common goals. Rune Frederiksen, customer manager, Waters Corporation, is chair of the committee. Membership is by invitation only. The AI Committee s goal is to build and nurture a professional network between environmental, food, chemical, biotech, and pharmaceutical chemists, suppliers and users. The main vehicle for achieving this goal is the Executive Seminars in Analytical Chemistry (ESAC), an annual forum where new developments and trends are discussed in a high-level professional setting. ESAC is a non-profit event sponsored by the AI Committee members. About 200 industry representatives attended the sixth annual forum held in April. ESAC 2007 is slated for April 27 at the Symbion Science Park in Copenhagen. The AmCham Healthcare Agenda was distributed to key stakeholders in May. Healthcare Committee: Chair: Laurent Van Lerberghe, Abbott Laboratories; Paul Coleman, Biogen Idec; Karen Lykke Sørensen, sanofi-aventis; Simon Jose, GlaxoSmithKline Pharma; Jason Smith, Novartis Healthcare; Jan Peutzfeldt, Ferring Pharmaceuticals; Peter Popowicz, Wyeth Denmark; Dorthe Mikkelsen, Merck Sharp & Dohme; Karin Verland, Pfizer; Gert Vium Andersen, Bristol-Myers Squibb. HR Steering Group: Annette Bjørke, Amerada Hess; Randy Spicochi, Biogen Idec; Jette Ronøe, Bech-Bruun Law Firm; Anne Marie Abrahamson, Rønne & Lundgren Law Firm; Jesper la cour Madsen, Accenture; Lise Aarup, Sanofi-aventis; Anne Kathrine Schøn, Accura Law Firm; Claus Gylling, IBM; David Husfeldt-Clasen, Stryker; and Lars Wittig, Global-Eyes. AI Committee: Chairman Rune Frederiksen, Waters Corporation, Gorm Karstens, Agilent Technologies Inc.; Lena Rasmussen, Applied Biosystems Group; Claus Sjøner, Dionex Corporation; Jan B. Petersen, Thermo Electron Corporation; Hasse Hedeby, PerkinElmer, Inc

16 New in 2007 Sales and Marketing The AmCham Sales and Marketing Committee was officially launched at a knowledge sharing seminar and dinner held on January 8, 2007 at the U.S. Embassy. Sales and marketing professionals among AmCham s membership will be able to network, share best practices, explore relevant issues, attend high-profile events, and even compete for an industry award (the SAMMY) currently being planned. Danilo Copiz, vice president of International Sales at Nordic Phytopharma and a key organizer of the Chamber committee, presented committee guidelines to the event attendees. Copiz urged members to come forward, get involved in this new opportunity, and offer ideas for seminar topics. The more involvement, the better the benefit for us all, he added. The Diplomat hosted a dinner for the attendees. The Committee held its founding meeting on January 25. Simon Gade Hjorth, AdPeople (left) and Jette Vestergaard, Verizon Business, shared case studies with fellow sales and marketing executives; Danilo Copiz, Nordic Phytopharma (center) presented the committee guidelines. Tax committee representatives met with Danish Tax Minister Kristian Jensen in November. Here, AmCham Chairman Paul Coleman, Biogen Idec, with the Minister following the meeting. Tax and Finance AmCham s Tax Committee identifies, disseminates and communicates information about Danish tax laws and legislation impacting American and international companies in Denmark. The committee works with its members to form policy positions on key taxation issues; the goal is to ensure an equitable taxation environment in Denmark for American and international investors. The Committee came together to consider and address the general message being sent by tax policies to the international business community. Tax policies impact decisions of international companies considering where to establish businesses in Northern Europe. Tax and Finance Committee: Chair: Ulrik Fleischer-Michaelsen, Rønne & Lundgren; Ove Lykke Hindhede, PricewaterhouseCoopers; Michael Kirkegaard, Ernst & Young; Per Ørtoft Jensen, KPMG; Nikolaj Bjørnholm, Bech-Bruun; Troels Graff, Deloitte; Ellen Hertz Bilberg, U.S. Embassy (ex-officio member); Henriette La Cour, Accura; Jochem Van Rijn, Citco; Poul Gunnar Jensen, MASQ 30 31

17 Networking 2006 in Review Hans Henrik Tholstrup (Left) Christiansborg, (Right) Town Hall Plaza AmCham Denmark organizes a wide-range of events and functions that are strategic for our members. The events facilitate networking and knowledge exchange among AmCham members, prominent professionals, and business leaders across industries and cultures. These events include: Executive Forums Business Breakfasts Power Lunches Business Conferences & Executive Seminars Exclusive Patron Member Events Social & Cultural Events 32 33

18 Event Review January Business Breakfast Ambassador s Roundtable Executives of 10 American subsidiaries in Jutland meet with AmCham and ESAC 2006 Executive Seminars in Analytical Chemistry The Analytical Instruments Committee June Executive Focus USA September OSAC Nordic Summit Business Breakfast Incentivizing the Entrepreneurial Spirit U.S. Chamber President and CEO, Tom Carl Schramm, CEO, Ewing Marion Ambassador Cain to discuss business cases. hosts about 200 participants to discuss the U.S. Midterm State of Affairs Members of the OSAC committees in the Donohue Kauffman Foundation, shares provocative Sponsored by Gorrissen Federspiel latest industry developments at Symbion Experts forecast U.S. mid-term elections, Nordics meet to share best practices. Danish Industries and U.S. Chamber call for thoughts about Denmark s economic future. 65 executives attend. Sponsored by Hilton Copenhagen Airport 4th Annual New Year s Dinner Party at Rydhave Ambassador Cain hosts elegant dinner for 80 AmCham Patron members and their spouses. Sponsored by SAS Scandinavian Airlines. Partner Event w/ Copenhagen Capacity Kierkegaard, Aarhus. March Meet the Leaders Power Lunch Chair of the Social Democratic Party, Helle Thorning-Schmidt, and AmCham member representatives discuss social welfare and global competitiveness. Sponsored by Unisys and Radisson SAS Scandinavia Hotel. Science Park. Reception & Dinner Steven Ballmer, CEO, Microsoft, meets with executives at Rydhave. May HR Committee Roundtable Experts discuss how to bridge cultural gaps in the workplace. the economy and trade. A reception follows. Sponsored by Global Eyes. Partner Event w/ Forbes CEO Europe AmCham Patron members enjoy an exclusive dinner with Steve Forbes, CEO, Forbes Inc., and the speakers and sponsors of the Forbes CEO Europe Forum at Rydhave. Ambassador s Independence Day Celebration OSAC Business Breakfast Nordic Security Challenges 2006 Experts urge companies to prepare detailed security plans. Sponsored by AON, ADT, and the Copenhagen Marriott. Meet the Leaders Business Breakfast Lars Løkke Rasmussen, Minister, Interior and Health, and AmCham members discuss the future of healthcare in Denmark. Sponsored by Scandic Hotel Copenhagen new cooperation on trans-atlantic trade. Hosted and sponsored by Confederation of Danish Industries. November Business Breakfast Ripple Effect: Implications of the U.S. Midterm Elections Experts discuss tax and trade implications of Democratic gains in U.S. Congress. General managers describe the advantages of Copenhagen as a Nordic base. Sponsored by Deloitte. April Member Reception Sponsor: Rønne & Lundgren Partner Event w/børsen Executive Club Seminar and Luncheon with former AmCham members join other friends of the United States and sports celebrities for the festivities at Rydhave. A fireworks display topped the evening s program. and CA Northern Europe. Executive Forum Nordic Business Models Managing directors consider the best ways Family Thanksgiving Dinner Capacity crowd enjoys AmCham's 5th annual family Thanksgiving dinner at the Copenhagen Marriott. Sponsored by February Ambassador s Roundtable Pharmaceutical Committee Former CEO for Sun Microsystems Scott McNealy meets and mingles with AmCham guests at a reception at Rydhave. Organized by AmCham and sponsored by Sun Microsystems. Secretary of State Colin Powell. Powell addresses AmCham Denmark and Børsen Executive Club members at Det Ny Teater. An exclusive luncheon follows at Rydhave. August Power Lunch to regionalize. Hosted and sponsored by Ford Motor Company. ECACC Fall Meetings, Barcelona, Spain Discovery Networks. December Ambassador Cain and committee members discuss healthcare agenda. Rydhave CEO Luncheon Larry Kellner, CEO, Continental Airlines, dis- OSAC Denmark Security Council Andrew Howell, Homeland Security Policy, U.S. Congressional Delegation led by Rep. Joe Barton (R-TX) House Energy and Commerce Committee AmCham Denmark s Stephen Brugger joins other senior AmCham managers from Europe for the knowledge exchange Partner Event w/ Copenhagen Business School Business Breakfast cusses the travel industry and Continental s new Copenhagen-New York route with U.S. Chamber of Commerce discusses balancing business and security with OSAC members discuss energy, telecommunications and healthcare policy. Sponsored by sessions. Copenhagen Conference on Strategic Management Diana Farrell, McKinsey Global Institute, travel industry leaders at an exclusive lunch Denmark constituents at the U.S. Embassy. Novozymes, Motorola, and the Business and academic experts gather at recommends ways for Denmark to ride the offshoring tiger. Sponsored by Danske Bank. Super Bowl XL at Rydhave. Organized by AmCham and sponsored by Continental. AmCham Annual General Meeting AGM participants approve accounts, Copenhagen Marriott. AmCham Cup 30 teams compete at this filled-tocapacity sporting and networking event October Partner Event w/u.s. Commercial Service Copenhagen Business School to discuss strategic renewal and how companies revitalize themselves to remain globally competitive. Sponsored by Citigroup, Hess, and Verizon Business. AmCham partners w/danish American re-elect and confirm board members. held at Simon s Golf Club in Humlebæk. How to Do Business with the Federal Football Federation for the big game all Ambassador Cain is the keynote speaker. (sponsors listed in events section) Government night party. Sponsored by Microsoft, and the Copenhagen Marriott. A reception follows. Sponsored by Deloitte and Delta Air Lines. Board Dinner Executives share valuable knowledge at this special member opportunity. Sandra Kaiser, DCM, U.S. Embassy, hosts AmCham board members and Membership Reception their spouses in her home, Søro, AmCham members gather for the annual in Charlottenlund. membership reception at Rydhave and the presentation of AmCham s 2006 Entrepreneurship Award. Sponsored by DaimlerChrysler

19 Entrepreneurship and Global Competitiveness Global Competitiveness Photo : Hasse Ferrold Diana Farrell, McKinsey Global Institute, tells AmCham members that offshoring is part of the formula for productivity in the 21st century global economy. AmCham s panel on entrepreneurship. L to R: Jonathan Zuck, Association for Competitive Technology; Jens Hald Madsen, member, Danish Parliament; Leif Beck Fallesen, Børsen; Paul Coleman, Biogen Idec; and Carl J. Schramm, Ewing Marion Kauffman Foundation. Building an Entrepreneurial Economy Reaping the Benefits of Globalization The Economic Impact of Offshoring Carl J. Schramm, president and chief executive officer of the Ewing Marion Kauffman Foundation, argued that Denmark has the low unemployment and the labor flexibility required to start building an entrepreneurial economy. But whether Denmark has the political will to go the route of entrepreneurship is an open question, he said. There are enormous implications for global competitiveness and job creation at home. Schramm joined a distinguished panel to discuss this topic at an AmCham Business Breakfast at the Hilton Copenhagen Airport on January 20, Schramm s message to Denmark: western economies should leave behind outmoded industrial economic models and embrace entrepreneurial capitalism. In entrepreneurial systems, start-ups, universities, big companies, and governments interact to create dynamic economies that do not guarantee security for individuals, but ultimately are more resilient, prosperous, and secure for all. Carl J. Schramm, Ewing Marion Kauffman Foundation, describes an Entrepreneurial Ecosystem. Photo : Hasse Ferrold Offshoring, a key issue tied to global competitiveness, was the topic in February, when globalization expert Diana Farrell, director of the McKinsey Global Institute, addressed an AmCham Denmark Business Breakfast at Danske Bank s Kuppelsalen in Copenhagen. About 70 executives attended. Farrell and Bent Petersen, professor at the Copenhagen Business School s Center for Strategic Management & Globalization, pointed out that few global competition issues generate more heat and emotion than offshoring, the practice of moving business functions to locations with lower costs. The facts show that every crown spent offshore generates savings for consumers and value for investors in Denmark. Farrell recommended that Danish decision makers: Free up the service sector, enabling it to compete and produce at high levels Increase work incentives and labor market flexibility Harmonize and consolidate regulations across the European Union Bent Petersen, professor, Center for Strategic Management and Globalization, CBS, offered an academic perspective. Carl Schramm speaks with Ambassador Cain, who, AmCham Chairman Paul Coleman, Biogen Idec, during his introduction of Schramm, injected some and Greg Burton, former economic officer for of his own entrepreneurial experiences. the U.S. Embassy, at the event

20 Tom Donohue Hans Skov Christensen, Confederation of Danish Industries (DI), welcomed the U.S. Chamber s Tom Donohue, Ambassador Cain, and AmCham Chairman Paul Coleman, Biogen Idec, to a business breakfast on October 11. Photo: Thorkild Amdi Christensen Europe has an opportunity to look at the problems we ve had with frivolous lawsuits and classaction litigation and avoid them. Don t allow this to become a problem. AmCham s Stephen Brugger welcomes Tom Donohue to Copenhagen. U.S. Chamber s Tom Donohue Visits Denmark AmCham Denmark hosted Thomas J. Donohue, president and chief executive officer of the U.S. Chamber of Commerce, during his intensive, two-day visit to Copenhagen in October. Donohue met with government, diplomatic, business and trade officials. Donohue discussed bilateral trade, Doha, sustainable energy and competitiveness with Danish Trade Council officials, issues facing Danish small- and medium-sized companies entering the U.S. market with Børsen, and international business initiatives with the Confederation of Danish Industries (DI). To walk away from the Doha agreement is like walking away and leaving your wallet on the counter. It s a dumb idea. He discussed AmCham Denmark s newly Donohue s visit signaled AmCham s growing released Foreign Investors Agenda, and presence on the business and economic joined Ambassador James Cain and scene in Denmark. AmCham Chairman Paul Coleman as they presented AmCham s 2006 Entrepreneurship Award to CSC Denmark and Topsoe on issues of concern to AmCham Denmark During his visit, Donohue shared his views Fuel Cell. members. Among his comments: People who aren t playing global aren t playing. I believe that everybody ought to be rewarded on their efforts, their integrity, their hard work, their innovation and their good luck

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