Corporate governance comprises the framework of guidelines and management principles regulating the division of roles between the owners, board of directors and executive management of a company.
Elements covered by corporate governance include shareholder's rights, the independence of the board, openness about remuneration and incentive systems for senior management, and the way in which the audit and internal control function are organised. In broader terms, it also relates to the company's values base and ethical guidelines.
Corporate governance in StatoilHydro is based on openness and equal treatment. The objective of this area of the web is to provide an overview of the group's governing structures and control mechanisms that are put in place to ensure that the business is run in a justifiable and profitable manner to benefit employees, shareholders and society.
Published 2007-09-03, 12:05 CET | Updated 2007-09-27, 16:57 CET
