Corporate Governance regulates the division of roles between shareholders, board of directors and the executive management of the Company beyond the legal requirements.
We aim to organize our activities and otherwise conduct our business in accordance with
the Norwegian Code of Practice for Corporate Governance. The guidelines and recommendations are constantly being updated, and it is DNO’s goal to continuously develop its corporate governance processes to ensure compliance at all times.
The guidelines concern issues relating to:
- Business, objectives, strategies and ethical standards
- Information and communication
- Risk management and internal control
- The composition, independence and work of the Board of Directors
- Shares, shareholders and general meetings
- Equity, dividend and capital increase
- Transactions with close associates
- Remuneration
- Auditor
These issues are implemented in DNO’s Business Management System. The Business Management System is integrated throughout the DNO Group and regulates the way we work, the way we manage risk and opportunities, and the systems and procedures we follow in order to ensure accuracy and quality on first strike.
The topic of corporate governance is subject to annual assessment and discussion by the Audit Committee and the Board of Directors.