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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 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.
 

Oceanteam ASA reports full year 2020 results

Apr 09 2021 The year 2020 has proven to be challenging for Oceanteam; primarily the shipping segment. Since the outbreak of the pandemic, the shipping segment has been confronted with cancellation of offshore projects, increased expenditures in crewing (quarantine with crew changes, testing ect) and class related capex. The difficult market circumstances in combination with persistent liabilities have accelerated...

Oceanteam ASA – announces sale of vessel and potential combination with PASSER Group AS

Mar 26 2021 Oceanteam Bourbon 4 AS, a joint venture owned 50/50 by Oceanteam ASA (the "Company" or "OTS") and Bourbon Offshore Norway AS, has entered into a Memorandum of Agreement (Norwegian Sales Form) regarding the sale of the vessel CSV Southern Ocean the "Vessel Transaction". The sale is made subject to customary conditions and is expected to be completed...

Oceanteam ASA’s Vessel Owning Companies Agree Further Deferrals Under Facility Agreement

Nov 30 2020 Oceanteam ASA’s Vessel Owning Companies agree with Financiers on Extension of Deferral under the Facility Agreement (the “Facility Agreement”) for the Bourbon Oceanteam 101 and Southern Ocean (the “Vessels”)
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