With respect to directing the company's business and strategies: To decide on Outokumpu's basic strategy and monitor its implementation; To decide on annual limits for the Group's capital expenditure, monitor related implementation, review quarterly plans and decide on changes; To decide on major and strategically important investments; To decide on major and strategically important business acquisitions and divestments; To decide on any significant financing arrangements; and To decide on any other commitments by any Group companies that are out of the ordinary in terms of either their value or nature, taking into account the size, structure and field of the Group’s operations.