Corporate governance

Aker Philadelphia Shipyard‘s Corporate Governance policy was adopted by the Board of Directors in February 2008. The company’s corporate governance principles are based on the Norwegian Code of Practice for Corporate Governance, dated 4 December 2007.

Aker Philadelphia Shipyard’s Corporate Governance principles are intended to ensure an appropriate division of roles and responsibilities among the company’s owners, its Board of Directors, and its executive management and that the company’s activities are subject to satisfactory control. The appropriate division of roles and satisfactory ontrol contribute to the greatest possible value creation over time, to the benefit of owners and other stakeholders.