Management
The CEO and Board of Directors are jointly responsible for the management of the Bank. The CEO is responsible for day-to-day operations and in this respect observes the policy and directions of the Board of Directors. The day-to-day operations do not include measures which are unusual or extraordinary. Such measures are only taken by the CEO pursuant to special authorisation from the Board of Directors unless waiting for a decision from the Board of Directors would seriously disadvantage the operation of the Bank. In such cases the Board of Directors is promptly notified of the measures.
The CEO ensures that the Bank’s accounts and finances conform to applicable law and accepted standards and that the disposal of the Bank’s assets is secure.