The board has resolved to carry out the tasks of the remuneration committee and audit committee in full.

This entail that the board in full inter alia  shall monitor the Company’s financial reporting, in respect of the financial reporting, monitor the efficiency of the Company’s internal controls, internal audits, and risk management, keep itself informed regarding audit of the annual report and group accounts, review and monitor the impartiality and independence of the auditor and, in conjunction therewith, pay special attention to whether the auditor provides the Company with services other than auditing services, and prepare proposal to the general meeting’s resolution regarding election of auditor.  Furthermore, the board shall resolve on remuneration and other employment terms for the CEO and the executive management.