A turning point
Copenhagen-based DSB moved from full state control in 1999 as part of a transformation of Denmark's rail network. Since then, the formerly nationalised company's approach to risk has radically altered. By Mark Pengelly
Like the 160 million passengers it carries every year, Danske Statsbaner (DSB), Denmark's largest railway company, has embarked upon a journey since it became an independent corporation in 1999. "Until then, we didn't really have a well-established treasury department," explains Peder Linnebjerg, the firm's Copenhagen-based treasurer.
As a nationalised entity and part of the Danish transport ministry, the functions that currently lie within Linnebjerg's office were scattered across various
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