The main ethos of BWG Homes’ corporate governance is based on the following principles:
• BWG Homes will communicate with the external world in an open, reliable and relevant way about its operations and corporate governance
• The Board of BWG Homes will be autonomous and independent of the company’s management
• There will be a clear division of work between BWG Homes’ Board and management
• All shareholders will be treated equally
CORPORATE GOVERNANCE REPORT
Compliance
Implementation of the adopted corporate governance guidelines will strengthen confidence in the company and help create added value. A clear division of roles between shareholders, Board of directors and management has been defined based on current legislation. BWG Homes’ corporate governance guidelines follow the Norwegian Code of Practice for Corporate Governance of 4 December 2007, the Public Limited Liability Companies Act, the Securities Trading Act and Stock Exchange regulations. The annual report contains descriptions of the company’s guidelines, compliance with the Norwegian Code and explanations of any deviations from it, and this information is also available on the company’s website. In accordance with the Norwegian Code of Practice, instructions have been drawn up for the Board’s work, the CEO’s work, the Board’s relationship with the auditor, guidelines for the nomination committee, investor relations work and ethical guidelines.
Each year the Board of directors reviews and evaluates compliance with the adopted guidelines and instructions.
Values and ethical guidelines
A healthy corporate culture and integrity throughout the company’s operations are important in building and maintaining internal and external confidence in the company and our products. With ethical guidelines and a set of internal values behind them, our employees and management are better able to comply with good business practice standards. The Board of directors and employees will exhibit fairness, honesty and integrity in all its dealings with other employees, business associates, customers, suppliers, shareholders, competitors, the general public and government authorities. Our ethical guidelines will also be a tool for self-evaluation and development of BWG Homes’ identity.