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Corporate governance policy
The objective of Axactor is to create and perform sound, sustainable, responsible and competitive business – creating long-term value and returns for our stakeholders.
The objective of Axactor is to create and perform sound, sustainable, responsible and competitive business – creating long-term value and returns for our stakeholders. To effectively achieve such objectives and to have a well-run business, we believe that effective corporate governance is indispensable. In Axactor, such governance forms the foundation of our business. Accordingly, Axactor sets clear responsibilities and expectations for our leaders, employees and partners through governance. This enables us to operate efficiently as well as having the necessary oversight and control.
Effective corporate governance further allows us to work smoothly by ensuring that everyone has a clear understanding of the distribution of roles, responsibilities, rights and accountability. Corporate governance in Axactor complies with formal regulations and generally accepted the best practice.
Axactor SE is a public limited company organized under Norwegian law listed on the Oslo stock exchange and subject to Norwegian securities legislation and stock exchange regulations including the Norwegian Code of Practice for Corporate Governance (NUES) issued by the Norwegian Corporate Governance Board (NCGB).
What is corporate governance?
Corporate governance is a system of rules, practices and processes by which a company is directed and controlled. Corporate governance essentially involves balancing the interests of all the stakeholders of a company, such as shareholders, management, customers, suppliers, financiers and government. Since corporate governance also provides the framework for attaining a company’s objectives, it encompasses practically every sphere of management, from action plans and internal controls to performance measurement and corporate disclosure.
Axactor’s Board of Directors has the ultimate responsibility for ensuring that good corporate governance is practised. Corporate governance is subject to annual evaluation and discussion by the Board.