RS Platou aims to follow the Norwegian Code of Practice for Corporate Governance, cf. latest version dated 21 October 2010, and the Board of Directors (the “Board”) have ensured that the Group has implemented sound corporate governance. There are no significant deviations between the Code and Corporate Governance in the Group. Deviations, if any, have been accounted for under each section.
Corporate governance deals with issues and principles associated with the distribution of roles between the governing bodies in the Company, and the responsibility and authority assigned to each body. Good corporate governance is distinguished by responsible interaction between owners, the Board and management in a long-term, productive and sustainable perspective.
RS Platou has adopted ethical guidelines and guidelines for corporate social responsibility in accordance with the Company’s basic corporate values. In line with the Norwegian code of practice for corporate governance, a review of the major aspects of RS Platou’s governance structure follows below.