Corporate Governance

For Eksportfinans, corporate governance includes management processes, descriptions of roles and responsibilities, independence requirements, compensation systems and the opportunities of shareholders to exert influence and protect the interest of shareholders and other interested parties, including employees and authorities.

The Norwegian Code of Practices for Corporate Governance was launched in 2004 and was subsequently updated in 2007. The Management and the Board reviewed the amendments, and resolved to adopt these changes. Eksportfinans’ corporate governance principles will guarantee:

Eksportfinans’ corporate governance principles will guarantee:

• Establishment of and information about the Group's objectives, strategies and values
• Clear distribution of roles and responsibilities between different bodies and management
• Predictability and equal treatment of all shareholders
• Shareholders' contribution and influence
• Relevant, up-to-date reporting to shareholders and other interested parties
• Independent, qualified Board members
• Appropriate compensation of the Board and management
• The Board's and management's understanding and control of the group's development and operations
• Compliance with laws, rules and ethical standards
• Independent internal and external auditing

For further information:
See Eksportfinans’ Annual Report 2008 page 75-78, Annual Report 2009 page 88-91, and Annual Report 2010 page 92-95. For more information on The Norwegian Code of Practices for Corporate Governance, see www.nues.no