The executive function is, besides the governance function, the second main tasks of top management, i.e. the highest level of management in an institution. Both are necessary pre-requisites for a functioning (and successful) management. The executive function is responsible for 7 tasks within an organisation: 

1. Corporate policy, strategy, planning and budgeting; 

2. Organisation; 

3. Management and HR management; 

4. Controlling and reporting; 

5. Issue management; 

6. Communication (external and internal); 

7. Risk and crisis management.