selskapsstyrer

Selskapsstyrer, also known as corporate boards, are the governing bodies of companies. They are responsible for overseeing the management of the company and ensuring that it operates in the best interests of its shareholders. The composition of a selskapsstyrer typically includes a chairman, who is often the CEO, and several other members who may be independent or non-independent directors. The board's primary functions include setting the company's strategic direction, approving major decisions, and monitoring the performance of the management team. They also play a crucial role in risk management, compliance, and corporate governance. The selskapsstyrer meets regularly to discuss and decide on various matters, and their decisions are binding on the company. The board's effectiveness is often evaluated based on its ability to achieve good corporate governance practices, which include transparency, accountability, and ethical behavior. In Norway, the selskapsstyrer is required by law to have at least three members, with at least one being an independent director. The board's decisions are documented in minutes, which are kept for a specified period and made available to shareholders upon request.