The name ‘Yara’ represents a good harvest and a good year
Main content
Yara's corporate directives were originally inherited from one of Norway's leading industrial firms, Norsk Hydro, after Yara’s operations were spun off from Hydro in 2004. Yara’s board has since reviewed the directives, and Yara today has updated corporate directives for the compensation committee, an internal audit charter, instructions for the board’s nomination committee and insider regulations.
The Compensation Committee consists of three members elected by and among the members of the Board of Directors. The committee prepares and makes proposals to the Board of Directors on terms and compensation for the CEO. The framework for possible future share incentive rights (SIRs) is to be approved by the Annual Meeting.
Yara's Internal Audit Department is accountable to the board and provides an annual assessment of the adequacy of Yara's processes for controlling its activities and managing its risks. Information on the status and results of the annual audit plan and the sufficiency of department resources will be communicated to the board when appropriate.
The Chief Internal Auditor has the right and duty to inform the board of any fraud or corruption or other issues that in his or her opinion may damage the company. Internal Audit has unrestricted access to all functions, records, property, and personnel, and has full and free access to the board.
Yara's external auditor also follows an annual plan. The external auditor participates in the board meeting approving the annual accounts, and meets with the board as deemed appropriate.
Read more about Yara's nomination committee.
Back to top
Main navigation
Select your country
Where we operate
