Norwegian Code of Practice
Prosafe is a European public company (Societas Europaea), listed on the Oslo Stock Exchange. As such, Prosafe follows the Norwegian Code of Practice for Corporate Governance of 17 October 2018 (the Code) which is based on a ‘comply or explain’ principle.
Prosafe will display good corporate governance in order to strengthen confidence in the company among shareholders.
There are no significant deviations between the Code and its implementation in Prosafe.
Headquartered and registered in Cyprus, Prosafe is also subject to Cypriot legislation.
The Code covers 15 topics which are designed to ensure that the division of roles between shareholders, the board and the company’s administration are regulated in a way that strengthens confidence among shareholders, employees, the capital market and other interested parties to achieve equal treatment of shareholders and maximum value creation over time.
For current membership of the Board and various committees please refer to;