SpareBank 1 Sør-Norge ASA complies with Norwegian Code of Practice for Corporate Governance.
Corporate governance
Corporate governance in SpareBank1 Sør-Norge comprises the objectives and overriding principles according to which the group is governed and controlled to secure the interests of equity certificate holders, customers and other groups. Governance of the group's activities shall ensure prudent asset management and greater assurance that publicly declared goals and strategies are going to be maintained and realised.
As a result of this, SpareBank 1 Sør-Norge has adopted the following main corporate governance principles that are built on three primary pillars: openness, predictability and transparency:
- Value creation for equity certificate holders and other interest groups
- A structure that ensures goal-oriented and independent management and control
- Systems that ensure measurability and accountability
- Effective risk management
- Well set-out, clear and timely information
- Equal treatment of equity certificate holders and a balanced relationship to other interest groups
- Compliance with legislation, regulations and ethical standard