The Norwegian Code of Practice for Corporate Governance - Statoil
The Norwegian Code of Practice for Corporate Governance - Statoil
The Norwegian Code of Practice for Corporate Governance - Statoil
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TABLE OF CONTENTS<strong>The</strong> <strong>Norwegian</strong> <strong>Corporate</strong> <strong>Governance</strong> Board (NCGB)................................................... 4Introduction................................................................................................................................... 7Changes since the last edition <strong>of</strong> the <strong>Code</strong> <strong>of</strong> <strong>Practice</strong>.................................................. 101. Implementation and reporting on corporate governance ............................... 132. Business ................................................................................................................................ 153. Equity and dividends ....................................................................................................... 164. Equal treatment <strong>of</strong> shareholders and transactions with close associates.... 185. Freely negotiable shares................................................................................................. 226. General meetings.............................................................................................................. 237. Nomination committee .................................................................................................. 278. <strong>Corporate</strong> assembly and board <strong>of</strong> directors: composition and independence... 319. <strong>The</strong> work <strong>of</strong> the board <strong>of</strong> directors ............................................................................. 3710. Risk management and internal control..................................................................... 4311. Remuneration <strong>of</strong> the board <strong>of</strong> directors .................................................................. 4612. Remuneration <strong>of</strong> executive personnel ...................................................................... 4813. In<strong>for</strong>mation and communications ............................................................................. 5114. Take-overs ........................................................................................................................... 5315. Auditor .................................................................................................................................. 596 CORPORATE GOVERNANCE