The Corporate Governance policy of Philly Shipyard ASA (referred to herein as PSASA or the Company) was adopted by the Board of PSASA in February 2008, with subsequent amendments and revisions. The current policy is based on the Norwegian Code of Practice for Corporate Governance, which was last amended in 2012. The following presents Philly Shipyard ASA‘s current practice regarding each of the recommendations contained in the Code of Practice. Any deviations from the recommendations are found under the item in question.
Corporate Governance document