Marine Harvest considers good corporate governance to be an underpinning for increased shareholder value, investor confidence and low capital costs.
Marine Harvest follows the Norwegian Code of Practice for Corporate Governance of November 28th 2006 as amended on December 4th 2007 and issued by the Norwegian Corporate Governance Board (NUES).
Good corporate governance rests on responsible communication between shareholders, the board of directors and executive management in the long-term pursuit to develop the company’s role as the leading player in the aquaculture industry.
The group’s steering documents are regularly reviewed. Focus going forward will particularly include risk management and internal control in the group, and a further development of internal control systems is planned.
Norwegian code of practice for corporate governance
Each item in the Norwegian code of practice is reviewed below. The text from the code of practice is given below and directly underneath each point there follows a description of Marine Harvest’s compliance with the code. Any deviations from the code are highlighted. The description is structured in accordance with the code of practice. Special descriptions of relevant matters that are not dealt with elsewhere in the annual report are also given.