The Public Limited Companies Act, 1997

Norway Current 1997

The Act sets out, among others, the responsibilities of Board Directors and requirements for the issuing of annual reports. In 2003, the Norwegian Parliament passed an amendment to the Act to promote gender balance in the management of such companies. It requires at least 40% representation of each gender on the Board of Directors.

Scope

Social

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

All listed companies

Issuer type

Norwegian Ministry of Trade, Industry and Fisheries

Type of instrument

Legislation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

Project Partners