Telenor's annual reporting 2006 Annual review 2006

People in escalator

Corporate Governance

Telenor considers good corporate governance to be a necessary requirement for value creation and trustworthiness, and for access to capital. The presentation given herein is seeking to reflect that Telenor, when engaging in corporate governance, includes all interested parties in an integrated and comprehensive way.

Compliance with rules and regulations

Telenor is subject to rules and regulations applicable in Norway as well as the countries where the Group conducts business. Telenor's shares are listed on the Oslo Stock Exchange and Nasdaq in the US. As an issuer of shares the company must comply with both Norwegian and US stock exchange rules. Listing on Nasdaq involves compliance with regulations promulgated by the Securities Exchange Commission and Nasdaq, and the Sarbanes-Oxley Act (SOX), which includes strict requirements and internal controls relating to financial reporting.

Our corporate culture

Internal and external rules and procedures provide Telenor with a sound platform for good corporate governance and for further development of a positive, responsible and healthy corporate culture. Telenor works systematically to install responsibility at all levels of the Group's activities - a requirement to successfully achieve the Group's goals of long-term value creation.

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