Corporate Governance

- is the system by which companies are directed and controlled, in the interest of shareholders and other stakeholders, to sustain and enhance value.


Corporate Governance Corporate governance involves establishing guidelines to help owners, the board and management manage and develop the company’s resources in the best possible way. Corporate governance is high on the agenda for many boards of directors, and many stakeholders believe that companies that can demonstrate good governance achieve higher profitability over time.

A key part of corporate governance is assigning roles and responsibilities between company owners, board of directors, management and other stakeholders. In Norway, the overall responsibility for a company's operations and development lies with the board of directors.

In order for the company to obtain confidence from the stakeholders, the board of directors need to successfully cooperate with both the owners and the management.

For many years we have worked with corporate governance both in Norway and internationally. Our experts can provide you with help regardless of industry, size and complexity of the business.

I need help with:

Advise the audit committee

PwC has extensive experience in assisting audit committees in different industries. We understand the legislation, know the classic pitfalls and provide tailored advice on how best practice should be applied in each company. 

We can help you with:

  • The committee's mandate, role and annual plan
  • Scope and content of management's reporting to the committee
  • Competence building in accounting reporting and rules
  • Competence building in risk management and internal control

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The Board of director's self assessment

PwC has a long-standing experience assisting listed companies adhere to the guidelines from NUES. The questionnaire will be tailored to your company, to create a value-adding analysis about the composition of the board, the owners expectation, logistics and planning, communication within the board, the chairman as well as whether each board member feel that they are able to utilize their potential.

We can help you with:

  • Facilitate anonymous completion of questionnaires tailored to the company.
  • Analyse the responses and collate comments in to a report. 
  • Present the report to the chairman ahead of the board meeting.
  • Present the report to the board. 

 

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Establish, benchmark and maintain the governing structure

We can help you with:

Developing the necessary governance structure to strengthen the business in the context of different situations:

  • The need to strengthen the governance structure linked to selected risk areas
  • Strong growth or increased complexity of processes leads to increased need for standardisation of conduct
  • The company sees gains in harmonizing conduct and decisions across units and companies in a group
  • Strengthen the formal governance structure ahead of an IPO or raising capital

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Professionalize the board's work

We can help you with:

  • Preparation of instructions for the board of directors as a whole as well as audit- and compensation committees
  • Preparation of instructions for the CEO
  • Training/seminars for the board of directors or its committees
  • Evaluation of the board of directors work, as well as that of the audit and compensation committees
  • Assistance with comparing existing governing documents and processes for the board of director's work against best practice, to identify further areas for improvement
  • Be a discussion partner for the Board in their work

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Contact us

Lars G.  Røe

Lars G. Røe

Director

Tel: +47 952 60 731

Jonas Gaudernack

Jonas Gaudernack

Partner | Risk Advisory Services

Tel: +47 952 60 769