Copenhagen Business School, also known as CBS, is situated in Copenhagen, Denmark. CBS was established in 1917 by Danish Society for the Advancement of Business Education and Research (FUHU), however, it wasn’t until 1920 that accounting became the first full study programme at CBS. Today CBS has more than 20,000 students, 13,000 employees and offers a wide range of undergraduate and graduate programmes within business, typically with an interdisciplinary and international focus. CBS’ campus is located in Frederiksberg, close to the center of Copenhagen, and centers on CBS’ main campus Solbjerg Plads (finished in 2000). Since the Danish Universities Act of 2003, CBS has had a Board of Directors with an external majority. The Board of Directors appoints the President of CBS, who is currently Per Holten-Andersen.