Corporate Governance
As a basis for its corporate governance, the Company uses the Norwegian code of practice for corporate governance, as prepared by a working group consisting of representatives of the major organisations involved, owners, issuers and the stock exchange.
Corporate governance in Magnora
As a listed company on the Oslo Stock Exchange (Oslo Børs), the Company aims at conducting its business in accordance with the Norwegian Code of Practice for Corporate Governance of 28 August 2025 (the “Code of Practice”).
The Company is committed to high ethical standards in its business dealings to ensure that the integrity of its employees and the organisation is maintained. Corporate social responsibility is an integrated part of the business and is described in the Code of Conduct.
The Board of Directors
The Board is ultimately responsible for administering the affairs and ensuring that the operations are organised and run in a satisfactory manner. The members of the Board are Torstein Sanness (chair), John Hamilton, and Hilde Ådland, all presented on the Team page of this website.
The Nomination Committee
The Nomination Committee evaluates annually the composition of the Board of Directors and gives a recommendation to the General Meeting regarding election of members (when due) and remuneration of these governing bodies. The members of the committee are Fredrik D. Sneve (chair), Gunerius Pettersen, and Stian Folker Larsen. The committee appreciates, by February each year, shareholders’ submission of candidates to the Board or the Nomination Committee, via the form on the Contact page of this website. Such inputs are considered by the committee in parallel with its dialogue with major shareholders and considerations of needed competence and relevant candidates.