Board

The Board is responsible for supervising the management of the business and affairs of the Corporation. Day-to-day management of the Corporation is delegated to the officers of the Corporation. The Board’s role is to focus on the governance and stewardship of the business carried on by the Corporation and its subsidiaries as a whole.

The Board is also responsible for promoting the long-term sustainable success of the Corporation, generating value for shareholders and contributing to wider society. 

The Board is also responsible for establishing the Corporation’s purpose, values and strategy, and for overseeing the stewardship of the Corporation through strategic planning, risk management, the integrity of internal controls, and external reporting and compliance. The Board reviews and approves strategy, assigns responsibility for the delivery of that strategy, and monitors performance against agreed objectives.

The Board shall regularly review the strategic plans developed by management to ensure that they remain responsive to the changing business environment in which the Corporation and its subsidiaries operate.

The Board is also responsible for ensuring that the Corporation’s purpose, values and strategy are aligned with its culture. The Board shall assess and monitor culture on an ongoing basis and satisfy itself that the Corporation’s policies, practices and behaviours are aligned with its purpose, values and strategy. Where the Board identifies misalignment, it shall seek assurance that management has taken appropriate corrective action.

Board is currently comprised of one executive officer and seven non-executive directors.

The Board considers that on his appointment as Non-Executive Chair, Sigurbjorn Thorkelsson was independent, and that each of Line Frederiksen, Warwick Morley-Jepson, Annette Brøndholt Sorensen, Teitur Poulsen and Jorun Johanne Sætre are independent directors.

Board and Management

Board Committees

The Board currently has five committees, the Audit and Risk Management Committee, the Compensation Committee, the Corporate Governance and Nomination Committee, the Disclosure Committee, and the Technical, Safety and Sustainability Committee, with formally delegated duties and responsibilities.

Code of Business Conduct and Ethics

Code of Business Conduct & Ethics

Corporate Overview

The Corporation’s Remuneration Policies

The information was updated on 31 July 2026.