Corporate Governance

Corporate governance

The Board of Public Property Invest ASA is dedicated to upholding a high standard of corporate governance, in the pursuit of a long-term sustainable future for Public Property Invest ASA (“PPI”) and its subsidiaries (the “Group”) and its shareholders. This is done by ensuring that good governance is an integral part of the decision-making process in matters dealt with by the Board.

PPI is subject to corporate governance reporting requirements pursuant to section 2-9 of the Norwegian Accounting Act; the Public Limited Companies Act; chapter 4.4 of the Euronext Oslo Børs Rulebok II - Issuer Rules; and the Norwegian Code of Practice for Corporate Governance (the “Code”), issued by the Norwegian Corporate Governance Board (NUES). The Norwegian Accounting Act and the Public Limited Companies act can be found (in Norwegian) on lovdata.no. The Euronext Oslo Børs Rulebook II can be found on euronext.com and the Code, which was last revised on 14 October 2021, can be found on nues.no. PPI’s annual corporate governance statements follows the system used in the Code, issued by the Norwegian Corporate Governance Board (NUES) and can be found in Group's annual reports.

Governance strategy

The Group believes that good corporate governance involves transparent and trustful cooperation between all parties involved with the Group and its business. This includes the Group’s shareholders, the Board and executive management team, employees, customers, suppliers, and other business partners, as well as public authorities and society at large. The Board and executive management shall contribute achieving the following core objectives when honouring the Group’s corporate governance policy:

Transparency. Communication with the Group’s shareholders, stakeholders and other interest groups shall be based on transparency and openness on issues relevant for the evaluation of the development and position of the Group.
Independence. The relationship between the Board, executive management and shareholders shall be based on independence principles. Independence shall ensure
that all decisions are made on an unbiased and neutral basis.
Equal treatment. A fundamental objective for good corporate governance is equal treatment and equal rights for all of the Group’s shareholders.
Control and management. Sound control and corporate governance mechanisms shall contribute to predictability and reduce the level of risk for the Group’s shareholders, stakeholders and other interest groups.

PPI’s corporate governance policy ensures a clear division of roles between the company’s shareholders, Board, executive management and committees. The corporate governance policy also provides the structure through which the objectives of PPI are set, and the means of attaining those objectives and monitoring performance are determinedThe Group believes that good corporate governance involves transparent and trustful cooperation between all parties