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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.
 

Non-executive Director Bote de Vries steps down only two months after joining Oceanteam Board

Jul 10 2017 Oceanteam ("the Company"), the Norwegian-Dutch offshore service provider announces that Mr. B. (Bote) de Vries (1958), who was appointed non-executive director during an EGM on 9 May 2017, has informed the Board of the Company and its bondholders to step down per 10 July 2017. This is only just two months after being on duty. Both have accepted his resignation....

Oceanteam ASA reports FY 2016 results

Jun 23 2017 Main financial indicators 2016 ·       Operating income: USD 51.9 million                       ·       EBITDA: USD 22.2 million             ...

Oceanteam ASA closes sale of 25% stake in North Ocean 105 to McDermott

Jun 21 2017 Today, Oceanteam and its joint venture partner McDermott closed the sale of Oceanteam's remaining 25 percent stake in vessel-owning company North Ocean 105 AS.  
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