**Art. 10 Organizational Regulations of Technische Betriebe Glarus Nord TBGN - Duties**
Art. 10 Organizational Regulations of Technische Betriebe Glarus Nord TBGN · Duties**
1. The Board of Directors supervises the executive management and decides on all matters, unless these have been assigned by law or this organizational regulation to another body for decision.
2. The Board of Directors has the following inalienable and indefeasible duties and powers
a) Enactment of a business regulation, which particularly organizes the management, determines the required positions, outlines their duties, competencies, and responsibilities, and regulates reporting;
b) * Employment of all members of the executive management as well as the termination and dissolution of these employment relationships;
c) Definition of the business policy, which is reviewed at least once a year and adjusted if necessary;
d) Enactment of regulations concerning the supply of energy, gas, as well as communication and other services in the public and private law sectors;
e) Approval of the budget;
f) * Preparation of the annual report and the annual financial statements;
g) Definition of the financial and investment planning;
h) Conclusion of framework agreements with energy suppliers and communication and other service providers;
i) Conclusion of contracts with third-party municipalities to be supplied;
j) Enactment of personnel directives and additions to the personnel ordinance;
k) Definition of the insurance strategy;
l) * The purchase and sale of real estate subject to financial competence, the acquisition of rights, and the taking out of loans;
m) * Decision-making on the development of new strategic business areas;
n) * Decision-making on the formation and acquisition of or participation in enterprises and on the sale of such participations, subject to the competencies according to Art. 2 Para. 8;
o) Unless the executive management is responsible according to the business regulation
1. Approval of expenditures and expenses from the current account
2. Appointment of representatives of the TBGN in organizations and associations.