Consultation paper proposing some minor amendments and clarifications to the current Norwegian Code of Practice for Corporate Governance (the “Code of Practice”)

The Norwegian Corporate Governance Board (NUES) has issued a consultation paper proposing some minor amendments and clarifications to the current Norwegian Code of Practice for Corporate Governance (the “Code of Practice”).Les mer

Høring 2010

Høringsnotat av 21. juni 2010 og mottatte høringsuttalelserLes mer

Høring 2011

Høringsbrev av 17. juni 2011 og mottatte høringsuttalelserLes mer

The Norwegian Code of Practice for Corporate Governance

The Norwegian Code of Practice for Corporate Governance The purpose of the Code of Practice is to clarify the respectiveLes mer

15. Auditor

The auditor should submit the main features of the plan for the audit of the company to the audit committeeLes mer

14. Take-overs

The board of directors should establish guiding principles for how it will act in the event of a take-over bid.Les mer

13. Information and communications

The board of directors should establish guidelines for the company’s reporting of financial and other information based on openness andLes mer

12. Remuneration of executive personnel

The board of directors is required by law to prepare guidelines for the remuneration of the executive personnel. These guidelinesLes mer

11. Remuneration of the board of directors

The remuneration of the board of directors should reflect the board’s responsibility, expertise, time commitment and the complexity of theLes mer

10. Risk management and internal control

The board of directors must ensure that the company has sound internal control and systems for risk management that areLes mer