CEO and Management

The CEO is subordinate to the Board and is primarily responsible for the company’s day-to-day management and day-to-day operations.

The division of work between the Board and the CEO is stated in the rules of procedure for the Board and the instructions for the CEO. The CEO is also responsible for preparing reports and compiling information from management prior to Board meetings and is the presenter of the material at Board meetings.

According to the instructions for financial reporting, the CEO is responsible for keeping the Board informed on the development of Novakand Pharma’s operations, results and financial position, liquidity and credit situation, important business events and other relevant circumstances.