DNO’s corporate governance policies are based on the Norwegian Code of Practice for Corporate Governance. The Articles of Association and the Norwegian Public Limited Liability Companies Act form the legal framework for DNO’s business activities. DNO is also subject to, and complies with, the requirements of Norwegian securities legislation.
Risk management is key to successful execution of our business. We review our risk profile on a regular basis, incorporating industry-recognized risk identification, quantification and mitigation processes. Corporate and operational risks are reported to the board of directors through its Audit Committee and its Health, Safety, Security and Environment (HSSE) Committee at least on a quarterly basis. Across the Company, managers have responsibility and accountability for assessing, reporting, controlling and mitigating compliance risks. In these tasks, they are supported by dedicated compliance and internal audit teams.
We take a bottom-up approach to identifying and mitigating risks, with the board of directors providing strategic input and oversight. We respect fundamental human rights and are guided in our business conduct by the United Nations Global Compact. DNO does not engage in the political processes of host countries
and does not make contributions to political parties or their representatives.
We have adopted an Anti-Corruption Policy that employees are required to follow. The policy is available on the “My DNO Compliance” intranet site which brings together all compliance policies, interactive training programs, business hospitality requests and conflict of interest registrations. We require company-wide training in topics related to business ethics, including anti-bribery and corruption, and will continue to provide such training. DNO has a policy of zero tolerance for bribery, corruption, fraud and other illegal business
DNO’s Code of Conduct sets out the standards and principles by which we conduct our affairs and which we expect all our employees to follow. Failure to comply with the Code of Conduct will lead to disciplinary action. Our Code of Conduct is built on six principles:
• Comply with laws and regulations
• Ensure a safe working environment
• Treat everyone with respect
• Act in DNO’s best interest
• Ensure financial integrity
• Take responsibility