The decision to take up a convertible loan is normally taken by the general meeting , cf. Section 11-2 of the Companies Act. The general meeting can, however, authorize the board to decide on such admission, cf. Section 11-8 of the Companies Act. The power of attorney cannot be granted for more than two years at a time.
A decision on board authorization to take up a convertible loan must be registered both in the dCompany platform and in the Brønnøysund registers.