It shall be responsible for the execution of the ATM Master Plan and in particular for carrying out the following tasks: — organising and coordinating the activities of the development phase of the SESAR project, in accordance with the ATM Master Plan, resulting from the definition phase of the project managed by Eurocontrol, by combining and managing under a single structure public and private sector funding, — ensuring the necessary funding for the activities of the development phase of the SESAR project in accordance with the ATM Master Plan, — ensuring the involvement of the stakeholders of the air traffic management sector in Europe, in particular: air navigation service providers, airspace users, professional staff associations, airports, and manufacturing industry; as well as the relevant scientific institutions or the relevant scientific community, — organising the technical work of research and development, validation and study, to be carried out under its authority while avoiding fragmentation of such activities, — ensuring the supervision of activities related to the development of common products duly identified in the ATM Master Plan and if necessary, to organise specific invitations to tender. 
It shall be responsible for the execution of the ATM Master Plan and in particular for carrying out the following tasks: — organising and coordinating the activities of the development phase of the SESAR project, in accordance with the ATM Master Plan, resulting from the definition phase of the project managed by Eurocontrol, by combining and managing under a single structure public and private sector funding, — ensuring the necessary funding for the activities of the development phase of the SESAR project in accordance with the ATM Master Plan, — ensuring the involvement of the stakeholders of the air traffic management sector in Europe, in particular: air navigation service providers, airspace users, professional staff associations, airports, and manufacturing industry; as well as the relevant scientific institutions or the relevant scientific community, — organising the technical work of research and development, validation and study, to be carried out under its authority while avoiding fragmentation of such activities, — ensuring the supervision of activities related to the development of common products duly identified in the ATM Master Plan and if necessary, to organise specific invitations to tender. Governance Administrative Board The Administrative Board is responsible for: (a) adopting the ATM Master Plan endorsed by the Council as referred to in Article 1(2) of this Regulation and approving any proposal to modify it; (b) giving guidelines and taking the decisions necessary for the implementation of the development phase of the Sesar project and exercising overall control over its implementation; (c) approving the Joint Undertaking’s work programme and annual work programmes referred to in Article 16(1) as well as the annual budget, including the staff establishment plan; (d) authorising negotiations and deciding on the accession of new members and on the relating agreements as referred to in Article 1(3); (e) supervising the execution of the agreements between members and the Joint Undertaking; (f) appointing and dismissing the Executive Director and approving the organisation chart and monitoring the Executive Director’s performance; (g) deciding on the amounts and procedures for the payment of members’ financial contributions and the assessment of contributions in kind; (h) adopting the financial rules of the Joint Undertaking; (i) approving the annual accounts and balance-sheet; (j) adopting the annual report on the progress of the development phase of the Sesar project and its financial situation referred to in Article 16(2); (k) deciding on proposals to the Commission on the extension and the dissolution of the Joint Undertaking; (l) establishing procedures for granting rights of access to tangible and intangible assets which are the property of the Joint Undertaking and the transfer of such assets; (m) laying down the rules and procedures for awarding the contracts necessary to implement the ATM Master Plan, including specific procedures for conflicts of interest; (n) deciding on proposals to the Commission to amend the Statutes in accordance with Article 24; (o) exercising such other powers and performing such other functions, including the establishment of subsidiary bodies, as may be necessary for the purposes of the development phase of the Sesar project; (p) adopting the arrangements for implementing Article 8.