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

9. The work of the board of directors

The board of directors should produce an annual plan for its work, with particular emphasis on objectives, strategy and implementation.Les mer

8. Corporate assembly and board of directors: composition and independence

The composition of the corporate assembly should be determined with a view to ensuring that it represents a broad cross-sectionLes mer

7. Nomination committee

The company should have a nomination committee, and the general meeting should elect the chairperson and members of the nominationLes mer