Statens eierberetning 2005
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.