CORPORATE GOVERNANCE
The Board of Directors of Philly Shipyard ASA has reviewed and updated the Company’s principles for corporate governance. The principles are based on the Norwegian Code of Practice for Corporate Governance, dated 17 October 2018, the principles set out in the Continuing Obligations of stock exchange listed companies from the Oslo Stock Exchange, and the relevant Norwegian background law such as the Norwegian Accounting Act and the Norwegian Public Limited Liability Companies Act.
The Code of Practice is available at www.nues.no and the Continuing Obligations of stock exchange listed companies may be found at https://www.euronext.com/en/markets/oslo. The principles also apply to the Company’s subsidiaries when relevant.
Nomination Committee
Philly Shipyard ASA’s Articles of Association provide for a Nomination Committee composed of two members who are elected by the General Meeting. The Nomination Committee is responsible for nominating the shareholder-elected members of the Board of Directors. The Nomination Committee of Philly Shipyard ASA comprises the following members: Ingebret G. Hisdal (Chair), Charlotte Håkonsen (Member), and Hilde Kristin Ramsdal (Deputy Member). Shareholders who would like to contact Philly Shipyard ASA’s nomination committee can email Charlotte Håkonsen at charlotte.hakonsen@akerasa.com.
Please note that the deadline for submitting candidates to the nomination committee for directors to be appointed by the annual general meeting to be held in April 2025 is November 1, 2024.