![]() According to Nobel's will, the prize in literature should be determined by 'the Academy in Stockholm', which was specified by the statutes of the Nobel Foundation to mean the. In 1900, the Nobel Foundation's newly created were promulgated by King. The Nobel Foundation then reached an agreement on guidelines for how the Nobel Prize should be awarded. The prize-awarding organisations followed: the Karolinska Institutet on 7 June, the Swedish Academy on 9 June, and the Royal Swedish Academy of Sciences on 11 June. The executors of his will were and Rudolf Lilljequist, who formed the Nobel Foundation to take care of Nobel's fortune and organize the prizes.The members of the Norwegian Nobel Committee that were to award the Peace Prize were appointed shortly after the will was approved. ![]() Due to the level of scepticism surrounding the will, it was not until 26 April 1897 that the (Norwegian Parliament) approved it. ![]()
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