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Other Norwegian initiatives
The Norwegian state's principles for good ownership
The Norwegian state holds significant interests in Norwegian business and industry, and the state wishes to apply generally accepted principles for good practice in exercising its ownership role in order to ensure that both the companies involved and the state itself enjoy the market's confidence. This will help to ensure that the state's actions are seen as rational and predictable, and thereby generate confidence in the state as a shareholder.
See more of the Government’s ownership policy at www.eierberetningen.no
The state has adopted a set of paramount principles for good ownership. These principles apply to all state companies, whether they are wholly or only part state-owned. The principles are in accordance with generally accepted principles for corporate governance. The principles address important issues such as equal treatment, transparency, independence, composition of the board of directors and the board’s role etc.
The state’s principles for good ownership
Eierforum - 10 rules for good shareholder accountability
Eierforum is an informal group of investors that represents the major institutional investors in Norway, with equity funds and life insurance companies playing a particularly active role. The group has produced a list of "10 rules for good shareholder accountability".
The investor initiative - Sustainable Value Creation
The largest institutional investors in Norway and in Sweden have, in their respective home market, launched the Sustainable Value Creation Initiative (Bærekraftig verdiskaping and Hållbart värdeskapande). The aim is to influence companies listed on the stock exchange to develop sustainably while at the same time create long-term value for their owners.
Sustainable value creation means creating economic, environmental and social values.
Read more on www.svcinitiative.com
Norwegian Society of Financial Analysts: Recommended norms for good corporate governance in Norway
In the preliminary work to the Code of Practice, The Norwegian Society of Financial Analysts (NFF) in 2002 produced draft recommendations on good corporate governance. NFF's proposal contains a comprehensive set of recommendations together with numerous concrete and specific examples of good corporate governance. (Only available in Norwegian)
The draft was updated in 2003 after several suggestions from consultations parties. (Only available in Norwegian)