The Board delegates day-to-day management of the Company to the CEO and the Executive Committee.
The CEO is responsible for Nobel Biocare’s and the Group’s overall business and affairs and has the final authority in all matters of management that are not within the duties and authorities of the Board of Directors or the Shareholders’ meeting pursuant to the provisions of law, the Articles of Incorporation or the Organizational Regulations. The CEO is responsible for the implementation of all Board resolutions and the supervision of all management levels in the Group.
Without limiting the generality of the aforementioned, the CEO has the specific duties and powers to:
develop the strategy of the Group and to obtain approval for it by the Board;
be the main contact person of the Board;
direct the EC, specifically by supervising and coordinating the activities of the EC, whose members are appointed based on his proposal and approval by the Board;
determine the agenda items of the meetings of the EC in coordination with its members, conduct those meetings and ensure that the EC’s resolutions are implemented;
represent Nobel Biocare vis-à-vis the shareholders and, together with the other members of the EC and in coordination with the Chairman, maintain relations with shareholders and investors;
represent Nobel Biocare and the Group towards the public and media, together with the EC and in coordination with the Chairman, who will, in special cases, complement such activities;
inform the Chairman on an ongoing basis and the Board regularly on the course of business, compliance with the budget, and exceptional occurrences that exceed the normal course of business.
Within the scope of the Organizational Regulations and other related internal rules, the members of the EC (excluding the CEO) take over individual tasks and are individually responsible to the CEO for the performance of these tasks. The members of the EC may, with the agreement of the CEO, delegate the tasks relating to their areas of responsibility.
Without limiting the generality above, the EC has the specific duties to:
organize and execute the management of Nobel Biocare within the scope of the delegation so such responsibilities by the Board;
prepare decisions to be taken within the scope of responsibilities of the Board and implement the related resolutions of the Board under the supervision of the CEO;
further develop and implement the business strategy;
prepare the consolidated Group budget for the review by the Board;
manage the risks associated with conducting the Group’s business;
design, implement and operate a system of Internal Controls in line with legal obligations and industry practices;
appoint, supervise and dismiss the management of the Group’s companies;
appoint members or representatives to the supervisory boards of subsidiaries;
appoint, supervise and dismiss the managers reporting to the individual members;
manage the staff and the divisional functions of the Group.
