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Executive Team



The Executive Team’s responsibilities include the policy and business progress within the Company and with this the achievement of the goals, strategy, profit development and the social aspects of doing business that are relevant for the Company.

The Executive Team is also responsible for the compliance with legislation and regulations, the management of the risks coupled with the company’s activities and the financing of the Company.

In discharging its duties, the Executive Team is led by the interests of the Company and its affiliated enterprise. The Executive Team is accountable to the Executive Steering Committee of the Board and the General Meeting of Shareholders for its policy. Leading the Executive Team is the Chief Executive Officer, who is appointed by the Executive Steering Committee of the Board and reports to the Managing Director and Board Member, whilst the CEO in coordination with the board appoints other members of the Executive Team. The Executive Team also includes a CFO as well as General Managers for each function.


Tasks and responsibilities

The Executive Team is charged with the management of the Company. This means that the Executive’s responsibilities include the policy and business progress within the Company and with this the achievement of the goals, strategy, profit development and the social aspects of doing business that are relevant for the Company. The Executive Team is also responsible for the compliance with legislation and regulations, the management of the risks coupled with the company’s activities and the financing of the Company. The Executive Team discusses the internal risk management and control systems with the Executive Steering Committee of the Board and the Audit Committee. In discharging its duties, the Executive Team is led by the interests of the Company and its affiliated enterprise. The Executive Team is accountable to the Supervisory Board and the General Meeting of Shareholders for its policy.

Remuneration of Executive Team members

All the relevant recommendations of the Code are applied in the remuneration policy. The remuneration policy is proposed by the Supervisory Board and approved by the General Meeting of Shareholders and is accounted for every year in the meeting of the Members' Council. Important changes in the remuneration policy are submitted to the General Meeting of Shareholders for approval. NADEC is accountable to the General Meeting of Shareholders and the Members' Council.