Statkraft's corporate governance policy clarifies the role allocation between the owner, board and general management.

A Norwegian recommendation relating to corporate governance that establishes standards for companies with listed shares and other major companies has been prepared. Recommendations relating to the equal treatment of shareowners, the unrestricted tradability of shares, the general meeting and nomination committee are not relevant for Statkraft as the company is not listed and has the Norwegian state as its sole owner.

The government also focuses strongly on efficient corporate governance in companies owned by the state through its reports to the Storting on areas such as administration of the state's ownership. Against this background, Statkraft AS's board has adopted a "Group policy for corporate governance at Statkraft". 

Statkraft's Group policy for corporate governance clarifies the role allocation between the owner, board and general management. As a state-owned company, Statkraft complies with the "Norwegian recommendation for corporate governance".

In 2006 Statkraft established an audit committee that performs preliminary work with regard to the board's consideration of tasks connected with financial reporting, internal control and auditing. Statkraft had previously established a compensation committee that performs preliminary work relating to the board's consideration of the President and CEO's terms and conditions of employment, as well as any questions of principle relating to salary levels, bonus schemes, pension terms for Statkraft's employees.

• Download Statkraft's Group policy for corporate governance (pdf)