Statens eierberetning 2005
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The State´s principles of good corporate governance and corporate management

  • All shareholders shall receive equal treatment. 
  • There shall be transparency in State ownership of companies. 
  • Ownership decisions/ resolutions shall be taken/ adopted at the annual general meeting.
  • The State, in cooperation with other owners when relevant, shall set performance targets for the companies; the boards shall be responsible for achieving these targets.
  • The capital structure of the company shall be consistent with the objective of ownership and circumstances of the company.
  • The composition of the board shall be characterised by competence, capacity and diversity, and refl ect the distinctive characteristics of the company.
  • Wage and incentive schemes shall be formulated so that they promote value creation in the companies and are perceived as reasonable.
  • On behalf of the owners, the board shall exercise independent control of the company management.
  • The board shall adopt a plan for its own activities and work actively to develop its own competencies. 
  • The company shall be aware of its responsibilities to society at large.