Corporate Governance policy
Argeo is committed to healthy corporate governance practices which strengthens and maintains confidence in the Company, thereby contributing to optimal long-term value creation for shareholders and other stakeholders.
Among other compliance guidelines and procedures, including separate routines for internal control and risk management, Argeo has adopted and implemented, and will at all times and at all organizational levels adhere to, a rigorous corporate governance policy (please see link below).
The policy is based on the Norwegian Code of Practice for Corporate Governance issued by the Norwegian Corporate Governance Board (NUES) on 14 October 2021, which is regularly updated to capture changes in laws and regulations, as well as development within the national and international governance landscape. The code, which can be downloaded here, is structured around a “comply or explain” principle, whereby any deviations from the code must be explained, and Argeo is pleased to report no deviations. Argeo’s corporate governance policy is, among other things, designed to support achievement of the company’s operational and commercial objectives on behalf of its shareholders, herewith profitability, in an equitable and sustainable manner. By following the policy, both the board of directors and the company’s management ensures openness, honesty and fair dealings, independence between interested stakeholders so as to ensure that decisions are made on an unbiased and neutral basis, equal treatment and equal rights for all stakeholders, as last but not least good control mechanisms contributing to predictability and reduction of both inherent risks and undue outside influence.