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  • 18 - Shareholder Voting and Engagement in Norway

  • from Part III - Europe
  • Edited by Harpreet Kaur, Chao Xi, The Chinese University of Hong Kong, Christoph Van der Elst, Tilburg University, The Netherlands, Anne Lafarre, Tilburg University, The Netherlands
  • Book:
    The Cambridge Handbook of Shareholder Engagement and Voting
    Published online:
    10 September 2022
    Print publication:
    15 September 2022, pp 381-402

  • Summary

    The chapter gives an overview of Norwegian Company Law and Governance Framework, also explaining the relationship to EU Company Law following from the EEA Agreement. The main corporate bodies are presented as well as their core responsibilities in the corporate decision-making processes. Facts and figures of ownership structure are presented, demonstrating that the government plays an important role as an investor. Core values like employee representation, gender equality and transparency in decision-making processes have also been integrated in legislation covering listed companies.The chapter presents main rules regarding the call for AGM/EGM and how the agenda is set. It is explained how shareholders have a relatively wide possibility to put issues at the agenda. Questions regarding issues to be voted on, voting procedures and majority requirements are addressed, as well as shareholders´ rights to information, shareholders use of proxy and proxy fights. Digital solutions for AGM/EGMs and how such solutions are reflected in legislation, are also presented.