The Chief Executive Officer’s activities and role are formalized by written instructions, which also state the division of responsibility between the Board of Directors and the Chief Executive Officer. Johan Lenander was Chief Executive Officer until 28 February 2007, when he was succeeded by Gunnar Sellæg. The corporate management met on 24 occasions in 2007.

Information on the current members of corporate management

David Lyngstad was CFO until April 2007, when he was succeeded by the current CFO, Jostein Viksøy. Markus Thorstvedt was the company’s CTO until January 2007; he was succeeded by the current CTO Per Einar Dybvik in June 2007. From June to December 2007, the company’s Communities, then Product Manager, Ole Jørgen Torvmark, was a member of the management team. He was replaced by the Search Services
Manager, Mads Gåsemyr, in December. A Management Forum comprising the company’s country managers, business segment managers and a number of other key staff was created in late 2006 as a resource for the group management.

Aspiro’s corporate governance is based on unequivocal decentralized accountability. Each line manager is responsible for his or her activities delivering results. Operations and results can be monitored in detail daily with the aid of sophisticated statistics systems. Day-to-day operations should sustain the long-term strategy and enable the company to achieve its determined goals. Aspiro’s various services segments are organized into separate units, with a dedicated manager. The units are mutually independent, enabling high organic growth according to each segment’s conditions. Synergies between business segments are created by means including shared membership databases, partnerships and universal technology.

Remuneration to the Management
The principles for remunerating the corporate management are resolved by the AGM, proceeding from proposals submitted by the Board. The remuneration payable to the Chief Executive Officer and corporate management in 2007 is stated in note 4 in the annual report for 2007.