Akastor aims to ensure that the maximum possible value is created for its shareholders over time. Good corporate governance shall ensure an appropriate distribution of roles between the owners, the board of directors and the management. It shall also contribute to reducing risk and ensuring sustainable value creation.
The company’s corporate governance principles are laid down by the board of directors of Akastor each year. The principles are based on the Norwegian Code of Practice for Corporate Governance as last amended on December 21, 2012 (the “Code of Practice”) available at http://www.nues.no. The current corporate governance statement for Akastor was approved by the board of directors of Akastor (formerly Aker Solutions) on March 13, 2014, and presented to the annual general meeting on April 10, 2014. Since then, Aker Solutions has split in two, and updated corporate governance principles for Akastor will be laid down by the new board of directors of Akastor and included in the yearly corporate governance statement which will be issued with the Annual Report in April 2015.
Click to view the complete Corporate governance statement for 2013 (Norwegian: redegjørelse for foretaksstyring) approved by the board of directors of Akastor (formerly Aker Solutions) on March 13, 2014, and presented to the annual general meeting on April 10, 2014.