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Corporate governance


Corporate governance
Oceanteam is a Norwegian public limited liability company (ASA) listed on Oslo Børs (the Oslo Stock Exchange). The company is therefore subject to the corporate governance requirements set out in the Norwegian Public Limited Liability Companies Act 1997 (the NCA), the Norwegian Securities Trading Act of 2007 (the STA) and the Norwegian Stock Exchange Regulations (the SER).
 
An efficient Board of Directors directs Oceanteam and has collective responsibility for the success of the company. The board represents, and is accountable to, the shareholders of the company. The directors are appointed by the shareholders at a general meeting for a period of two years. The general meeting also elects the chairman of the board.
The board of directors’ duties include the strategic guidance of the company, an effective monitoring of the senior management, the control and monitoring of the company’s financial situation, and the company’s accountability towards and communication to its shareholders.
 

Leadership Change in Oceanteam ASA, following resignation of current CEO Leidus Bosman Oceanteam ASA

Jan 27 2020 The Board of Directors of Oceanteam ASA ("Oceanteam" or "Company") today announced that it has appointed Henk van den IJssel as Chief Executive Officer (“CEO”) of Oceanteam with effect from 1 February 2020.

Oceanteam ASA’s Vessel Owning Companies create Cash Flexibility by Deferral of January’s Repayment

Jan 20 2020 Under the existing terms of the Facility Agreement (the “Facility Agreement”) for CSV Bourbon Oceanteam 101 and CSV Southern Ocean (the “Vessels”), Oceanteam and Bourbon, the joint owners of the Vessels (the “Owners”), are allowed to defer repayment instalments under the Facility Agreement at no additional costs or  covenants....

Oceanteam ASA reports half-year 2019 results

Aug 30 2019 The financial restructuring of the Group has been successfully completed. Both segments performed according to expectations and in combination with decreased financing costs after financial restructuring led to a return of profitability over the first half of 2019. Equity ratio improved further to 72 percent (H1 2018: 62 percent). Both vessels were under charter contract for the first half...
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