The Club shall have a Managing Director who shall be in charge of the day-to-day administration of the Club, implement the resolutions of the Board of Directors and moreover further the interests of the Club in accordance with the instructions and guidelines laid down by the Board of Directors.
The daily administration does not comprise matters which by the Club’s standards are of an unusual kind or major importance.
The Managing Director may decide matters under authorisation from the Board of Directors in each case, or whenever the Board of Director’s resolution cannot be awaited without major inconvenience to the Club. The Board of Directors shall be informed of the decision as soon as possible.
The Managing Director shall ensure that the Club’s accounts are in accordance with laws and regulations, and that the managment of funds is organised in a satisfactory manner.
The Managing Director shall at least every third month, either in a meeting or in writing, inform the Board of Directors of the Club’s business, position and financial development.
The Board of Directors may at any time require that the Managing Director furnish the Board with a more detailed report on specific matters. Such a report may also be demanded by each board member.