Corporate governance
Arendals Fossekompani’s Board of Directors is mandated to follow the legislation in force at any given time, as well as the company’s Articles of Association and the authority and instructions given to it by the General Meeting. This is essential for Arendals Fossekompani’s overall strategy, management and the organisation of the business, to ensure that the business is run in a responsible manner.
Guidelines
The following guidelines form the basis for corporate governance at Arendals Fossekompani:
- Arendals Fossekompani shall communicate relevant information honestly and openly to the public about our activities and any circumstances related to corporate governance.
- The Board of Directors at Arendals Fossekompani shall be autonomous and independent of Group Management.
- Emphasis shall be placed on avoiding conflicts of interest between shareholders, members of the Board of Directors and Executive Management.
- The tasks and functions of the Board and Group Management at Arendals Fossekompani shall be distinct and clearly defined.
- All shareholders shall be treated equally.