The Chief Executive Officer

The CEO shall carry out the day-to-day operations of the Company and must, in this respect, follow the policies and instructions laid down by the Board.Cf. Article 68(1) of the PUBLC Act and Article 44(2) of the PRILC Act. The CEO must at all times conduct his work with integrity and take account of the Company’s interests.

Information on the CEO

  1. The CEO shall provide personal information to ensure that shareholders are informed of main points relating to them. The following information on the CEO shall be published in the Company’s corporate governance statement:
    • Name, education, chief occupation and professional experience.
    • Date of appointment.
    • Other commissions of trust, e.g. membership on Boards of other companies.
    • Shares in the Company, whether direct ownership or through associated parties.
    • Share-option agreements with the Company.
    • Connections with principal clients and competitors of the Company and major shareholders in the Company.

The role of the CEO

  1. The CEO shall carry out the day-to-day operations of the Company in accordance with the policies and instructions laid down by the Board.
  2. The CEO shall ensure that Directors of the Board are regularly provided with accurate information on the Company’s finances, development and operations to enable them to perform their duties. The information shall be in the form and of the quality determined by the Board. Information and data shall be available to Directors in good time for Board meetings, and between such meetings. All Directors shall receive the same information. Moreover, the information shall be available when needed and as up-to-date and accurate as possible.
  3. The CEO shall submit any other projects undertaken by him/her, which are unrelated to the Company, to the Board for discussion.