Good corporate governance and corporate management will reduce business-related risk, while the company’s resources will be utilised in an effective and sustainable manner. The Group will achieve its goals through further development of first-class competency centres, deliveries of market-leading systems, products and services in its international market segments, and by operating in an ethical, sustainable and socially responsible manner. KONGSBERG is listed on the Oslo Stock Exchange and is subject to Norwegian securities legislation and stock exchange regulations.

How KONGSBERG understands the concept

Corporate governance deals with issues and principles associated with the allocation of roles between the governing bodies in a company, and the responsibility and authority assigned to each body. Good corporate governance is distinguished by responsible interaction between owners, the Board and management, seen in a long-term productive and sustainable perspective. It calls for effective cooperation, a defined division of responsibilities and roles between the shareholders, the Board and management, respect for the Group’s other stakeholders, and open, reliable communication with the world around us.

The Group’s value platform and ethical guidelines are a fundamental premise for KONGSBERG’s corporate governance.

Treatment of the topic in 2021

The topic of corporate governance is subject to annual evaluation and discussion by the Group Board. Amongst other things, the Group’s management documents are reviewed and revised periodically.