Corporate Governance

Prosafe believes that good corporate governance will strengthen confidence in the company, and help to ensure the greatest possible value creation over time in the best interests of shareholders, employees and other stakeholders.

Prosafe’s system of corporate governance forms the basis for a transparent business model with clear segregation of roles, responsibilities and accountabilities between shareholders, the Board of directors and executive management.

The latest corporate governance report is available as an integrated section in Prosafe’s annual report, which is available in the Reports and Presentations section.

Executive Remuneration
Executive remuneration in Norwegian listed public limited companies is governed by the Norwegian Public Limited Liability Companies Act (Allmennaksjeloven). The regulations are intended to ensure transparency and shareholder influence over executive remuneration, supporting the company’s long-term interests.

Prosafe’s Guidelines for Executive Remuneration are available here and the most recent remuneration report is available in the latest annual report in the Reports and Presentations section.

Nomination Committee
In line with the Norwegian Code of Practice for Corporate Governance (NUES), as updated in August 2025, the Company welcomes shareholder nominations for candidates to the Board of Directors and the Nomination Committee.

Nominations should be clearly marked “Nomination Committee” and submitted by email to this email well in advance of Annual General Meeting . As a general market practice in Norway, nominations are typically requested no later than 3 – 4 months prior to the AGM.