Effective corporate governance underpins Aker's ability to create sustainable value for its stakeholders. Aker's corporate culture is based on Aker’s core values; result-oriented, opportunity-driven, knowledge and collaboration-driven. These values guide Aker’s approach to investments and ownership. Aker aspires to be a responsible and trustworthy partner, creating positive impacts for both its shareholders and other stakeholders.
Aker’s Board of Directors determines the overall principles for our governance, management and control functions, including for sustainability. Aker's Sustainability Report discloses material Environmental, Social and Governance (ESG) matters for Aker, including how they are managed, performance, and progress towards sustainability targets. More information about Aker’s corporate governance, internal controls, including risk management can be found in the Board of Directors' Report, Corporate Governance Report which are included in Aker's Annual Report, in addition to the Sustainability Report. A download is available at the bottom of this web page and in the Sustainability Library. Aker’s Sustainability Policy governs the ESG aspect of our performance and investment decisions, and can also be found in our Sustainability Library.
The Aker model of cooperation
Aker has a long tradition of cooperation between the main shareholder, the board, management and employee representatives, as well as an open dialogue with public authorities and other partners. This is referred to as the “Aker model.” In addition, management and employee representatives engage through the Global Works Council (GWC) on working life, business decisions, and other relevant matters. Further, Aker encourages informal interaction between managers and employees, based on mutual trust, openness, and respect.Aker is represented by its President and CEO at the Annual Employee Representative Conferences organized by the Norwegian Trade Unions. The company also engages in frequent informal dialogue with employee representatives. These are arenas for open dialogue and discussion on strategy, development, HSE, ethics, sustainability, and cooperation.
Aker employees are also in a position to exert formal influence on corporate 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, three members are elected from the portfolio companies’ employees, none of whom represent management. One of the employee representatives is also a member of the Audit Committee.
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 summarized 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, the Anti-Corruption Policy and the Sustainability Policy, and complete a training program to familiarize themselves with and stay updated on the policies contained in the Code of Conduct.
Aker’s Code of Conduct also expresses Aker’s expectations for its portfolio companies’ governing documents.
The report on remuneration to Executives in Aker for the accounting year 2022 is subject to an advisory vote at the general meeting in accordance with section 5-6 fourth paragraph of the Public Limited Companies Act. The approved report is available for download at the bottom of this page.
Aker has an independent third-party whistleblower channel, where suspected or alleged wrongdoing (censurable conditions) can be anonymously reported. This may include breaches of HSE rules, harassment, insider trading, money laundering, fraud, bribes and kickbacks, or other violations of ethical guidelines.