Amendments to Public Limited Companies Act of 1997

In 2003, the Norwegian Parliament passed an amendment to the Act to stipulate a minimum 40 per cent representation of each gender on a wide spectrum of Norwegian corporate boards.

Issuer name

The Financial Supervisory Authority of Norway

Government ministry

Business/Trade/Industry

Government ministry notes

Norwegian Ministry of Trade, Industry and Fisheries

More information

The centre of attention has been on the public limited companies, especially the stock-listed companies. The quota regulation for state owned and inter-municipal companies became effective in 2004, for new public limited companies in 2006, and for all public limited companies in 2008, for municipal and cooperative companies in 2009.

Organizations covered by the instrument

State-owned companies

Target organization notes

public limited companies

Industry scope

All/none specified

Disclosure venue

Annual report

ESG coverage- S (Social)

Employment Conditions, Policies and Practices

ESG coverage- G (Governance)

Structure & Leadership, Accountability, Anti-Corruption and Anti-Competitive Behaviour

Status

Current

Country

Norway

Region

Europe

Date of publication

2003

Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

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