Corporate governance

Annual general meetings

Annual general meetings

Our annual general meeting ranks at the top of our corporate governance structure.

The meeting is normally held in May. Notice of the meeting is sent to all shareholders individually, or to their depository banks, at least two weeks in advance of the meeting.

Our next Annual General Meeting will take place on Tuesday 8 May at 17:00 CEST at Drammensveien 131, Oslo. The meeting notice and related documents are available here, and you can register for the meeting here.

 

A chance to speak up

All our shareholders are entitled to submit items to the annual meeting's agenda, to meet, speak and vote. In accordance with Norwegian corporate law, shareholders or their authorized representatives must be present in order to vote. In addition, votes can be given only for shares registered in the owner’s name.

 

ADRs

Holders of shares in the form of American Depository Shares (ADSs) need to exchange their ADSs for shares in accordance with the Deposit Agreement and then register such shares with the Norwegian Registry of Securities (Verdipapirsentralen) if they want to vote their shares at the annual meeting.

 

Selection of committees and representatives

On our annual general meeting of shareholders elects the Nomination Committee, the shareholders' representatives to the Board of Directors and approves the annual accounts, the board report and any proposed dividend payment. The framework for possible future share incentive rights (SIRs) is also approved by the annual meeting. In accordance with Norwegian legislation, shareholders consider and vote on the appointment of the external auditor based on the board’s proposal and approve the remuneration to be paid to the external auditor.