The Board of Directors appoints and dismisses the CEO. The Board of Directors determines the CEO’s financial benefits within the framework of the remuneration policy presented to the General Meeting, as well as other terms and conditions of the CEO’s service relationship. The terms of the CEO’s service are specified in a written CEO agreement.

The CEO leads, directs, and supervises the company’s daily operations in accordance with the instructions and decisions of the Board, the corporate governance principles, applicable policies, the approval and authorization matrix, and other guidelines. The CEO serves as the chair of the Group’s executive management team and makes decisions essential to the company’s daily business operations. The CEO is responsible for the company’s ongoing administration and ensuring that its accounting complies with the law and that its financial management is reliably arranged. The CEO’s responsibilities are primarily governed by the Companies Act.

The CEO must provide the Board of Directors and its members with the necessary information to fulfill their duties. Matters of significant importance to the company or the entire group, which cannot be considered part of the company’s ordinary administration, must be brought to the Board of Directors for decision-making.

The CEO prepares matters for the Board of Directors’ decision, develops the group in line with the objectives agreed with the Board of Directors, and ensures the proper implementation of the Board of Directors’ decisions. The CEO is not a member of the Board of Directors’ but participates in meetings of the Board of DIrectors and has the right to speak in them.