Cxense ASA (Cxense) seeks to create sustained shareholder value, and the Company pays due respect to the norms of the various stakeholders in the business. In addition to its shareholders, Cxense considers its employees, the Company’s business partners, the society in general and the authorities as stakeholders. Cxense is committed to maintaining a high standard of corporate governance, be a good corporate citizen and demonstrate integrity and high ethical standards in all its business dealings.
Cxense is a Norwegian public limited company listed on the Oslo Stock Exchange, and bases its corporate governance structure on Norwegian legislation. The company’s corporate governance practices were resolved and stated on 13 March 2014 and is prepared in compliance with Section 3-3b of the Norwegian Accounting Act and the Norwegian Code of Practice for Corporate Governance (“Code of Practice”).
The Code of Practice is available on www.nues.no. Application of the Code of Practice is based on the “comply or explain” principle, and any deviations from the code, if any, will be explained. The principles and implementation of corporate governance is subject to annual reviews and discussions by the Company’s Board of Directors and the updated corporate governance statement will can be found in the Cxense annual report.