Academic council advises the President of CBS on the internal distribution of resources, on suggestions for development contract and about central strategic matters in the realm of research and education. Furthermore it advises on commencement of knowledge- and research portfolio development projects. Academic Council advises/nominates to the president of CBS, the composition of knowledgeable committees, who are to evaluate applications to scholarly positions as well as appoint PHDs and doctorates. Academic council can generally speak on all matters of vital academic importance for CBS.