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.
Industry sectors covered by the instrument
Organizations covered by the instrument
All listed companies
Norwegian Ministry of Trade, Industry and Fisheries
Type of instrument
Mandatory or voluntary
The geographical scope