Good corporate governance is characterised by responsible interaction between the owners, the Board of Directors and its management, viewed in botha short and longer term, value creation perspective.

Shareholders, employees, customers, suppliers, lenders, public authorities and society in general should be able to trust that a business is being run properly and that governing bodies are sufficiently independent in order to perform their functions.

The Corporate Governance statement, posted on our website at www.skaugen.com, outlines key principles and guidelines for the governance of I.M. Skaugen. The statement, approved by the Board of Directors, is reviewed annually or more often if deemed necessary.

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Good corporate governance is ­characterised by responsible inter­action between the owners, the Board of ­Directors and its management, viewed in botha short and longer term, value creation perspective.

Good corporate governance is characterised by responsible interaction between the owners, the Board of Directors and its management, viewed in botha short and longer term, value creation perspective.