Corporate Governance

Corporate Governance Policy and Code of Conduct

Corporate Governance Policy

Andfjord Salmon’s board of Directors is responsible for ensuring satisfactory corporate governance.

The Norwegian Code of Practice for Corporate Governance (the "Code") does not apply on Euronext Growth – Oslo.

However, the company will consider the implications of the Code going forward.

Code of Conduct

Please read or download Andfjord Salmon – Code of Conduct here

Supplier-Specific Compliance Terms

Please read or download Andfjord Salmon – Supplier-Specific Compliance Terms here

Human Rights Policy

Please read or download Andfjord Salmon Human rights policy here

Whistleblowing - Notification of Breach

If you are aware or have suspicions concerning any misconduct, said conduct shall immediately be notified to your manager, HR team, or another Andfjord Salmons manager you trust. If you fail to obtain a response to your notification or if you would prefer not to notify any of those identified above, you are urged to notify through Andfjord Salmons whistleblowing channel.

Notifications can be sent anonymously through Andfjord Salmons whistleblowing channel here

The whistleblowing channel is open for all employees and non-employees to notify of a concern of misconduct. All notifications to this whistleblowing channel are treated with strict confidentiality. 

Article of Assosiation

Download the Articles of Association - in both English and Norwegian - from this link:

Download or read the Articles of Association

General Meetings

The annual general meeting (“AGM”) is Andfjord Salmon’s highest governing body, in which shareholders exercise their influence in the company.

The AGM shall be held within six months after the end of the fiscal year. The notice for a general meeting, with reference to or attached support information on the resolutions to be considered at the meeting, shall as a principal rule be sent to shareholders no later than 7 days prior to the date of the general meeting.

Extraordinary general meetings are convened if necessary, according to the Articles of Association, the Companies Act or if claimed by all the shareholders.

The following decisions are made at the AGM:

  • Election of members to the board of directors

  • Approval of the annual accounts and the board of directors’ report for the previous financial year

  • Determination of remuneration to the board of directors

  • Election of members and determination of remuneration to the members of the nomination committee

  • Election of the external auditor and the auditor’s remuneration

Notice of the meeting is sent to all shareholders individually, or to their depository banks. All shareholders are entitled to submit items to the agenda, meet, speak and vote at general meetings.

Board of Directors

Roger Brynjulf Mosand

Chairman of the board

Roy Bernt Pettersen

Board Member

Antonio Serrano

Board Member

Tore Traaseth

Board Member

Knut Roald Holmøy

Board Member

Bettina Flatland

Board Member

Kim Strandenæs

Board Member

Gro Skaar Knutsen

Board Member

Nomination Committe

The nomination committee is a preparatory and advisory committee for the general meeting, and is regulated by the articles of Association §6.

The general meeting elects the chair and members of the nomination committee and determines its remuneration.

The committee is tasked with submitting the following proposals to the general meeting:

  • Candidates for shareholder-elected chair, members and possibly deputy members for election to the company's board of directors

  • Candidates for members of the nomination committee

  • Remuneration to the members and deputy members of the board

  • Remuneration to the members of the nomination committee

Composition of the nomination committee

Andfjord Salmon’s nomination committee currently consists of the following members, who have been elected for the period 2021 - 2023:

  • Rode S. Rønning-Hansen (chair),, +47 957 43 185

  • Oddvar Fosse

  • Rita Karlsen

Investor Relation Policy

Investor relations (IR) activities in Andfjord Salmon shall contribute to ensure that the information disclosed to participants in the financial markets provides the best possible basis for a correct valuation of the company.

The overall target for the IR activities is to ensure that Andfjord Salmon complies with the laws and regulations that are applicable for a company listed on Merkur Market, including equal treatment of investors. The company's IR activities shall ensure that all participants in the financial markets have simultaneous access to accurate, clear, relevant and complete information about the company's performance and market position, in order to give the financial markets a precise picture of the company's financial position and other factors that may influence value creation in the company.

Correct and proper long-term assessment of the company's shares depends on consistent and credible communication, the creation of well-founded expectations within the financial community - including shareholders, analysts and potential new investors - and consistent fulfilment of any expectations the company has helped to create.

Communication with shareholders

Andfjord Salmon seeks to engage in an open and continuous dialogue with the financial markets. Information is disseminated on the company’s website, through annual and interim reports, company updates, at meetings with investors and analysts, and participation at conferences.

The IR-function in Andfjord Salmon shall ensure continuous, precise and transparent communication with the company's shareholders, investors, analysts and other stakeholders. The investor community is free to contact the company and the investor relations function will normally be the one who has regular contact with these. The investor relations function should facilitate shareholders' and other stakeholders' opportunity to provide direct input and discuss specific issues, always having due regard to the aim of ensuring equal and simultaneous information to the financial markets.

Relevant information about the company shall be published on the company's corporate website and through Oslo Børs' website

Silent period

Investor and analyst meetings will, as a main rule, not be held in the three last weeks prior to the publication of financial reports. In the same period the company shall furthermore not provide comments to the press or others regarding the company's results and prospects.

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Andfjord Salmon is a Norwegian company established in 2014. The company is listed at Oslo Stock Exchange (ANDF), and located at Kvalnes on the northernmost island of Andøya in Vesterålen, Norway.