The board has overriding responsibility for managing the group and supervising the group’s day-to-day management and its operations.
Board of directors Photo: Ole Jørgen Bratland, Statoil Enlarge >
The work of the board is based on rules of procedure and applicable legislation which describe the board’s responsibility, duties and administrative procedures.
The rules of procedure also describe the duties of the chief executive officer and his/her duties vis-à-vis the board of directors.
Statoil's board of directors has three sub-committees which act as preparatory bodies.