Effective corporate governance provides the foundation for our value creation. Aker’s corporate culture is based on good business practices, openness, honesty, and respect for people and the environment. These principles form the basis for sound equity investments.
Aker’s Board of Directors determines the overall principles for our management and control functions. Read more about our governing principles and internal control, including risk assessment, in the Board of Directors’ report and the Corporate Governance Report (included in the Annual report). Download available at the bottom of this web page.
The Aker model of cooperation
Aker has a long tradition of cooperation between the main shareholder, management and union representatives, and of having an open dialogue with authorities and other partners. This is referred to as the “Aker model.”
Conferences and meetings between management and union representatives are arenas for open dialogue and discussion on strategy, development, HSE, ethics, and cooperation that gives Aker a clear direction and strong implementation ability. In addition, Aker encourages informal interaction between leadership and employees, based on mutual trust, openness and respect.
Aker employees are in a position to exert formal influence on decisions. Employee representatives serve on the boards of most Aker companies. Aker’s own Board of Directors has four shareholder-elected representatives, of which two are independent of group management and the main shareholder. In addition, the directors include three members elected from the portfolio companies’ employees, none of whom represent the management. One of the employee representatives is a member of the Audit Committee, which also handles compliance.
Aker’s corporate culture is based on good business practices, openness, honesty and respect for other people.
Code of conduct
Aker’s corporate culture is based on good business practices, openness, honesty and respect for other people. These guidelines are summarised in Aker ASA's Code of conduct and available at the bottom of this page.
Aker’s Code of Conduct, Sustainability Policy, and other governing documents, set out principles on important issues such as bribery, gifts, and other possible forms of corruption. All Aker employees are expected to be familiar with the Code of Conduct and anti-corruption policy and complete a training program to familiarize themselves and stay updated on the policies set forth in the Code of Conduct.
Aker’s Code of Conduct also expresses Aker’s expectations for its portfolio companies’ governing documents.
Aker has an open third-party whistleblower channel where suspected or censurable activities, such as breaches of HSE rules, harassment, insider trading, money laundering, fraud, bribes and kickbacks, or other violations of ethical guidelines can be anonymously reported.