norsk hydro corporate governanceaudit assistant manager duties and responsibilities

CSRHub includes data on sri, Community, Greenwashing, causes of global warming, EU Taxonomy, and CSR. 2022. Our purpose is to create a more viable society by developing natural resources into products and solutions in innovative and efficient ways. The people process is designed to assess and develop our human resources, and is an integral part of our annual business planning. These power stations produce electricity for many of Hydro's aluminium plants in Norway. Distributed by Public, unedited and unaltered, on 28 September 2022 06:15:02 UTC. Appendix 2 - Norsk Hydro ASA - Remuneration Policy for executive management (adopted by the annual general meeting May 10 2022).pdf (pdf, 1.56MB) Related pages. Corporate governance 8 Shareholder issues 11 OIL AND ENERGY 14 ALUMINIUM 18 AGRI 22 OTHER ACTIVITIES 26 BOARD OF DIRECTORS 28 ANNUAL REPORT FOR 2002 from the board of directors Industry average is for the She was appointed to the position in 2019 after serving as executive vice president and head of the company's Primary Metal business from 2008. Norsk Hydro: Trond Olaf Christophersen has been appointed Executive Vice President for Corporate Development in Hydro. With a new strategic direction, we embark on the next chapter in Hydro's history of building industries that matter and creating value by taking a lead role in the green transition, producing products and solutions for the low-carbon, circular economy, says Aasheim. 1. We supply low-carbon aluminum to customers worldwide and offer renewable energy solutions to industries that want to power manufacturing in a greener way. Norsk Hydro. We use cookies to improve the usability of our site and to analyze traffic patterns so we can improve our utility. Hydro is a public limited company organized under Norwegian law. The Corporate Management Board assists the CEO in ensuring that Hydro has implemented an effective system of risk management and that appropriate actions are taken to mitigate any known undesirable risk exposures. | Source: Jannicke Hilland - Telenor Group For more information, request a demo. Senior vice president, Group Communication. Our purpose is to create a more viable society by developing natural resources into products and solutions in innovative and efficient ways. The Hydro Way Compliance and . Global markets live: 3M Company, Meta, Moderna, Carmax, Shell Norsk Hydro Raises Alumetal Tender Offer Price, Energeia, Eidsiva Partner with Norsk Hydro to Develop Solar Parks in Norway, Netherlands, Norsk Hydro Nears Completion of Alumetal Takeover, Cyberattacks on renewables: Europe power sector's dread in chaos of war, Metals & Mining's recent rebound - still not late to hop on, Trackinsight: Europe Materials ETF market sees 2.24% performance on June 13, 2023, Hydro Secures Land for New Aluminium Recycling Plant in Torija, Spain, Norsk Hydro Temporarily Offers Higher Price in Alumetal Takeover Bid, Statkraft, Hydro Energi Enter Power Purchase Agreement, Eqva, Norsk Hydro Ink NOK15 Million Contract For Overhaul of Furnaces, Norsk Hydro, Saint-Gobain Subsidiaries Collaborate to Promote Sustainability in Facade-making, NORSK HYDRO ASA : Ex-dividend day for for final dividend, Norsk Hydro ASA Approves Dividend for the Financial Year 2022, Payable on 23 May 2023, NORSK HYDRO : A unique European sustainability proxy, Transcript : Norsk Hydro ASA - Shareholder/Analyst Call, Rate decisions weigh on stocks, lifts sterling, European Commission OKs Norsk Hydro's Acquisition of Alumetal After In-depth Probe, NORSK HYDRO : Q1 23 witnessed further normalisation; waiting for a better entry point, Glencore to buy minority stakes in Mineracao Rio do Norte, Alunorte, Transcript : Norsk Hydro ASA, Q1 2023 Earnings Call, Apr 28, 2023, Aluminium producer Norsk Hydro's Q1 core profit falls less than expected. Norwegian industrial group Norsk Hydro's <NHY.OL> Corporate Assembly said on Monday that it had full confidence Hydro's board of directors, despite a public row over an agreed payout to management . Previously, he was a senior advisor in the Ministry of Trade, Industry and Fisheries and a Portfolio Manager at Norges Bank Investment Management in London, New York, and Oslo. Irene Rummelhoff | Airbus She holds a degree in business economics from the Norwegian School of Economics (1992) and a Masters degree in economics from the University of Oslo (1998). The Corporate Assembly of Norsk Hydro ASA has in its meeting on 25 May 2021 adopted the following resolution related to remuneration to the Board . Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. I am happy that we exceeded our improvement target and achieved savings of NOK 4.2 billion for 2020, amounting to about half of the overall 2025 ambition. Hydro's corporate head office is located at Vker west of Oslo. Hydro's corporate head office is located at Vker west of Oslo. The chairperson of the board of directors is always on hand to present the report and answer any questions. Hilde Aasheim is CEO of Norsk Hydro, a large Norwegian aluminum and energy producer with operations in 40 countries and a big focus on renewables. Helena Nonka Decides to Leave Norsk Hydro Asa as Executive Vice President of Corporate Development, Effective on September 30, 2022. When you choose aluminium from Hydro, it's strong, light, durable and climate efficient, making you part of a smarter and more sustainable future. Given the nature of our industry, Hydro is particularly interested in policies dealing with climate change, reducing emissions from industrial processes, sustainable production and consumption, trade, energy efficiency, energy markets, health and safety at the workplace, etc. Previously, she was a senior advisor (20072018) in the same department, mainly as an asset manager on various company teams, including companies in process industry, finance, and transport. PDF Guidelines for the Nomination Committee in Norsk Hydro ASA The board of Norsk Hydro ASA actively supports sound mesurer votre utilisation de nos sites et applications. Our primary listing is on the Oslo stock exchange and subject to Norwegian securities legislation and stock exchange regulations. Our purpose is to create more viable societies by developing natural resources into products and solutions in innovative and efficient ways. Hydro also is a member of a series of think-tanks, especially in Brussels, and engages regularly in discussions with various NGOs. Hydro is a leading industrial company committed to a sustainable future. Norsk Hydro: Resolution from the Corporate Assembly 25 May - GlobeNewswire Risk management is an integral part of all our business activities and decisions. Henriksen has also held a number of board positions, and has been a member of Hydro's Corporate Assembly since May 2014 until its dissolution May 2022. Press releases, photos, stories, facts and figures you will find everything you need here. Norsk Hydro Description Open Who Uses CSRHub and How Companies face a complex ESG landscape with many raters and little coherence. Information that Hydro must provide in accordance with the Norwegian Accounting Act, section 3.3b, is also included. Nous, Yahoo, faisons partie de la famille de marques Yahoo. Press releases, photos, stories, facts and figures you will find everything you need here. It's engaged in energy to bauxite mining and alumina refining, primary aluminium, aluminium extrusions, and aluminium recycling. Our purpose is to create more viable societies by developing natural resources into products and solutions in innovative and efficient ways. This includes key commercial leadership positions in Hydro Energy and Hydro Aluminium Metal, plant manager for Hydro's Karmy smelter as well as several commercial, business development and project roles in Hydro's previous oil and gas activities. The planning, which reflects our ambitions and values, is the basis for the strategies and measures that form the business plans at all levels of our organization. Policies and tools - Norsk Hydro Press releases, photos, stories, facts and figures you will find everything you need here. A friendly work environment of knowledgeable professionals. The directives address, among other things, strategy and business planning, finance, risk management, organizational and employee development, health, security, safety and environment, ethics, compliance and social responsibility. The Board of Directors sets expectations, oversees Hydros system of risk management and reviews key risks through biannual updates which serve as an important foundation for the strategy and business planning processes. The audit committee meets Norwegian requirements regarding independence and competence. Hydro has been included in the Dow Jones SustainabilityIndices each year since the index series started in 1999. Norsk Hydro: Resolution from the Corporate Assembly 25 May 2021 In an interview with S&P Global Sustainable1, she talks . In addition, a more extensive report is available, "Annual Report 2020," with detailed information about Hydro's businesses, operational performance, financial performance, viability performance, corporate governance, environmental, social and financial statements. The Annual General Meeting of Norsk Hydro ASA resolved to discontinue the Corporate Assembly on 10 May, 2022. Hydro is a public limited company organized under Norwegian law. Governance | Nel Hydrogen Governance Here at Nel, we believe that good corporate governance builds confidence among shareholders, employees, partners, customers, and other stakeholders, and thereby supports maximum value creation over time. hbspt.cta.load(2489059, 'e08bd99f-c9e9-4e2c-a98e-78ca524ae5da', {}); You have a total of 10 free searches available. The Corporate Management Board (CMB), including the President & CEO,has a shared responsibility for promoting Hydro's objectives and securing the company's property, organization and reputation. According to Norwegian corporate law, the President & CEO constitutes a formal governing body that is responsible for the daily management of the company. He will start the new position on November 1, replacing Helena Nonka, who has decided to pursue opportunities outside Hydro. Hydro has one deviation from this section: "The company's guidelines for the nomination committee should establish rules for rotation of the members of the nomination committee": The nomination committee has no formal rules on rotation of its members. Munch Thore graduated with a Candidate of Law from the University of Oslo (1987) and also holds an L.L.M. Colonial Pipeline paid the attackers $4.4 million (with much of it recovered by the U.S. government) and the incident led to widespread gas shortages. Henriksen is currently a board member for Ferd Holding AS, Eneti Inc., and Infranordic AS, and is a member of the Nomination Committee for Equinor ASA. Our governance structure is also based on Norwegian corporate law. Bjrseth Hansen is Sustainability Director (since 2018) in the Ownership Department of the Ministry of Trade, Industry and Fisheries. Please accept marketing cookies to view this content, The power of power - Hydro Energys history, Green and Sustainability-Linked Financing Framework, Invitation to Hydro's second quarter results 2023, Hydros roadmap to zero emission aluminium production, Proposal / request to general meeting of shareholders, Wide MPEs - aluminium profiles for battery cooling, Developing carbon capture and storage technology for aluminium smelters, HalZero zero-emission electrolysis from Hydro, Using personal identification information, Norwegian code of practice for corporate governance, 2013: The world's biggest manufacturer of aluminium extrusions, 1996: Ormen Lange a fortune in the Halten bank, 1987: Cleaning up the dark side of industry, 1966: A unique collaboration between two men with quite different backgrounds, 1950: The metal is magnesium, the car is the Beetle, 1947: rdal: light at the end of a long tunnel, 1939: Holidays at Hydros cabins by the sea and in the mountains, 1930: Cooperation and market shares during the depression, 1919: Research as driving force and inspiration. Press releases, photos, stories, facts and figures you will find everything you need here. Si vous ne souhaitez pas que nos partenaires et nousmmes utilisions des cookies et vos donnes personnelles pour ces motifs supplmentaires, cliquez sur Refuser tout. Iin international law from Georgetown University (1989). Norsk Hydro: Resolution from the Corporate Assembly 25 May 2021 Other board members participate as needed. Hydro recognizes the value of engaging with public authorities and other stakeholders in relation to the development of various policy initiatives impacting our industry. Norsk Hydro: Annual report 2020 - Emerging stronger from an This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act, Financial Statements and Board of Directors report 2020, 'The virus could still surprise us': Former White House Covid czar Jha, Demand for high-quality coffee wanes as buyers seek cheaper beans, The wealthy should give more to charity, say people who stopped donating, according to a new poll, Mark Cuban's online pharmacy set to launch Humira biosimilar, UPDATE 1-'Almost all' Fed officials agreed to skip June hike -minutes. Norsk Hydro ASA engages in producing and supplying alumina and primary aluminum. : +47 22 53 81 00 Fax. All rights reserved. Our governance system enables us to operate efficiently, while maintaining the necessary oversight at executive and board levels. The malware tore through the aluminium producer, with productivity grinding to a halt at all 171 of the organisation's sites. . Our corporate directives help ensure that all our employees carry out their activities in an ethical manner and in accordance with current legislation and Hydro standards. Hydro is a leading industrial company committed to a sustainable future. The members of the committee, including its chairperson, are elected by the general meeting of shareholders. To tackle our global challenges, the world needs to produce and consume in new ways. The members of the committee are elected for up to two years at a time. Our extended program targets NOK 8.5 billion by 2025 across all business areas and staffs. Norsk Hydro: Invitation to Hydro's second quarter results 2023 We supply low-carbon aluminium to customers worldwide and offer renewable energy solutions to industries that want to power manufacturing in a greener way. Norsk Hydro {{ expertPublicationDatasources.length }}. To ensure the independence of the internal audit function, the head of Internal Auditreports functionally to the board through the audit committee. Combined, they produce about 9 terrawatt hours of electricity per year. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. March 12, 2021 02:00 ET | Source: Norsk Hydro "The pandemic put us all to the test last year. Its aim is to promote the potential of . No of Employees 32,014. We supply low-carbon aluminium to customers worldwide and offer renewable energy solutions to industries that want to power manufacturing in a greener way. It applies to all Hydro employees and board members worldwide, as well as those of our subsidiaries. OSLO, Aug 6 (Reuters) - The Corporate Assembly of Norsk Hydro NHY.OL said on Monday it had full confidence in Hydro's board of directors, despite a row over an agreed $36 million payout to . companies in. PDF Norwegian Code of Practice for Corporate Governance On social responsibility we are progressing in our work to strengthen local community relations, communities and business partners through education and empowerment where we operate. As a global energy and aluminium company, Hydro is committed to leading the way by creating more for less. In general, we promote a pragmatic approach - once ambitious legislative objectives have been set by the political leaders, the market must be left to work towards achieving these objective at the lowest possible cost for society. Norsk Hydro Oslo 1910: What became of Professor Birkeland? Norsk Hydro ASA Announces Executive Changes. The subscription period was concluded on Friday, June 30. Norwegian code of practice for corporate governance - Norsk Hydro PDF NORSK HYDRO annual report 2002 Members of the Corporate Management Board are also Executive Vice Presidents (EVPs)with responsibility for the respective business areas, Projects, Finance, and Central Staffs. She graduated with a Bachelor of Science from Dalhousie University and an MBA from University of Western Ontario, Canada. With us, youre part of a bigger story. Hydro is a leading industrial company committed to a sustainable future. 1908: Of course the workers must have houses, 1905: A new working day 2 December 1905, Extruded aluminium profiles for LED lighting, International Council on Mining and Metals (ICMM), Letter to stakeholders: Unique position in a new reality, Lifting profitability, driving sustainability, Nominations/Contact the nomination committee, Guidelines for the Nomination Committee in Norsk Hydro ASA.pdf, Pre-Approval Policy for Audit and Non-Audit Services by External Auditor (pdf, 0.04MB), The mandate of the compensation committee (pdf). The code of conduct addresses compliance with laws and other matters, such as handling of conflicts of interest and our commitment to equal opportunity for all employees. The commitments set out in this document are integrated into Hydro's Governance Documents. Our ambition is lifting profitability and driving sustainability, creating value for all stakeholders. Corporate governance - Norsk Hydro This report is available in Norwegian and English. This report is available in Norwegian and English. Many of the same technology elements were implemented in the upgrade at the Husnes aluminium plant in Norway, which is ramping up to full capacity after running at half capacity since the financial crisis in 2009. The pandemic put us all to the test last year. "We are very pleased that our tender offer has ended successfully. We define key performance indicators for each unit, including financial, human resource, ethical, compliance and HSE objectives, in addition to unit-specific operating targets. Therese Rd Holm has been appointed Executive Vice President for Communication & Public Affairs, effective October 1. dvelopper et amliorer nos produits et services. A friendly work environment of knowledgeable professionals. Hydro's second quarter results 2023 will be released at 07:00 CEST (01:00 EDT, 06:00 BST, 05:00 UTC/GMT) on Friday, July 21, 2023. 2004 Yara is listed on the Oslo Stock Exchange, following demerger from Norsk Hydro. PDF CONSTITUTING DOCUMENT INTERNAL N - Norsk Hydro With more than a century of experience in renewable energy, Hydro is one of the top three operators of power production in Norway, and a significant market player in the Nordics and Brazil. We have high expectations to our pioneer tailings dry-backfill method at our Paragominas bauxite mine in Brazil, that will eliminate the need to establish new tailing dams, Aasheim says. Combined, they produce about 9 terrawatt hours of electricity per year. A friendly work environment of knowledgeable professionals. Norsk Hydro : Changes in Hydro's Corporate Management Board September 28, 2022 at 02:16 am He will start the new position on November 1, replacing Helena Nonka, who has decided to pursue opportunities outside Hydro. Our aluminium can help you meet your goals, too. A friendly work environment of knowledgeable professionals. 4.1 In relation to the proposal of members to the Corporate Assembly, the Nomination Committee and the Board of Directors, the committee should in accordance with the principles of good corporate governance and good management ensure that due attention is paid to the interests of the shareholder community and the Company's PDF Human Rights Policy 2023 APPROVED - hydro.com Governance | Nel Hydrogen Among other milestones, Aasheim points to the successful verification of the Karmy Technology Pilot in Norway in 2020, producing primary aluminium with 15 percent lower specific energy consumption and significantly lower greenhouse gas emissions compared with the world average. We have accelerated our improvement efforts in 2020. Among other milestones, Aasheim points to the successful verification of the Karmy Technology Pilot in Norway in 2020, producing primary aluminium with 15 percent lower specific energy consumption and significantly lower greenhouse gas emissions compared with the world average. Many of the same technology elements were implemented in the upgrade at the Husnes aluminium plant in Norway, which is ramping up to full capacity after running at half capacity since the financial crisis in 2009. The Annual General Meeting of Norsk Hydro ASA resolved to discontinue the Corporate Assembly on 10 May, 2022. The report, meeting the Norwegian statutory requirements for annual reporting, is "Financial Statements and Board of Directors' Report 2020." Norsk Hydro ASA published this content on 28 September 2022 and is solely responsible for the information contained therein. We have aluminium research and development facilities at Karmy, rdal and Sunndal, and a sales office for aluminium . The report is available in English. Hydro also sees promising traction in the market for the low-carbon aluminium brand Hydro REDUXA and the Hydro CIRCAL brand produced with a minimum of 75 percent post-consumer scrap. Working on a story about aluminium? Dcouvrez comment nous utilisons vos donnes personnelles dans notre Politique de confidentialit et notre Politique relative aux cookies. 2005 Yara celebrates 100 years of existence. Hydro is a leading industrial company committed to a sustainable future. 2022. Norsk Hydro: Resolution from the Corporate Assembly 25 May 2021 E. Move Technology R. Move My executives Updated Apr 25, 2023 Norsk Hydro Bauxite & Alumina is followed by less than 10 members. We are a leading aluminium and renewable energy company that has created business opportunities for more than a century by developing products, solutions and industries that address global needs and demands. Profits fell by 82%, but that's a much better result than many were expecting. - production of aluminium products (43.7%): primarily aluminum extrusion profiles, rolled aluminum products, construction metals, and automotive components; Christophersen holds a Master of Science degree from the Norwegian University of Science and Technology and University of Bath, UK, and a Master of Management degree from the Norwegian Business School (BI). Our primary listing is on the Oslo stock exchange and subject to Norwegian securities legislation and stock exchange regulations. Aasheim points to significant progress toward Hydros ambition to lift profitability and drive sustainability. 27 (2013-2014)) expressed a long-term ownership perspective in the company for the purpose of retaining its head office and research activities in Norway. 2022. We want to contribute to creating a fair society and circular economy by producing responsibly, delivering circular solutions, making net-zero aluminium by 2050 or earlier, and producing and using more renewable energy. Telephone 47 2 2538100. Gain a 360-degree view of Norsk Hydro ASA and make more informed decisions for your business Find out more.

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