The Board appoints the CEO and approves the Instruction for the CEO. The CEO is responsible for the day to day business of the company. The responsibilities include, among other things, ongoing investments and divestments, employees, finance and accounting issues and regular contact with the company’s stakeholders, such as public authorities and the financial market.

The CEO ensures that the Board is provided with the requisite material for making well-informed decisions. The CEO is also a member of the Investor Board and  attends all Board meetings except for when his performance is under evaluation and when the Board meets the auditor without the presence of the Management.