The Board has overriding responsibility for managing the group and supervising the group’s day-to-day management and its operations. The work of the Board is based on rules of procedure and applicable legislation which describe the Board’s responsibility, duties and administrative procedures. Statoil's Board of Directors has three sub-committees which act as preparatory bodies.

Rules for the Board of Directors in Statoil ASA
With effect as of 26 October 2016

Roy Franklin
Acting chair of the Board, chair of the Board's Safety, Sustainability and Ethics Committee and member of the Board’s Audit Committee. 

Bjørn Tore Godal
Member of the Board, the Board's Compensation and Executive Development Committee and the Board's Safety, Sustainability and Ethics Committee.

Ingrid Elisabeth di Valerio
Employee-elected member of the Board and member of the Board's Audit Committee.

Per Martin Labråten
Employee-elected member of the Board.
.

Maria Johanna (Marjan) Oudeman
Member of the Board and the Compensation and Executive Development Committee.

Wenche Agerup
Member of the Board, the Board's Compensation and Executive Development Committee and the Board's Safety, Sustainability and Ethics Committee.

Rebekka Glasser Herlofsen
Member of the Board of Directors and the Board's Audit Committee.

Jeroen van der Veer
Member of the Board of Directors and chair of the Board's Audit Committee.

Stig Lægreid
Employee-elected member of the Board and member of the Safety, Sustainability and Ethics Committee.

Compensation and Executive Development Committee

The role of the Compensation and Executive Development Committee is to assist the board in its work on terms and conditions of employment for the Chief Executive, and on the philosophy, principles and strategy for the compensation of leading executives in Statoil.

Instructions for Board of Directors' Compensation and Executive Development Committee
As of 9 March 2016

Safety, Sustainability and Ethics committee

The Safety, Sustainability and Ethics committee (the Committee) is established to support Statoil’s commitment. 

The Committee will assist Statoil ASA’s (the Company’s) board of directors (the Board) in its supervision of the Company’s safety, security, sustainability and ethics policies, systems and principles with the exception of aspects related to “Financial Matters” defined as (a) the Company’s financial reporting practices and requirements, (b) the quality, adequacy and effectiveness of the Company’s disclosure controls and procedures, and (c) the Company’s internal controls over financial reporting. In addition the Committee will review and assess the administration’s general reports concerning the developments, implementation and practise within corporate social responsibility policies, systems and principles.

The Committee’s responsibility shall not affect the board audit committee’s (BAC) objective, role and responsibilities as described in the Instructions for the BAC as adopted by the Board or any applicable laws or regulations.

It is not the duty of the Committee to plan or conduct internal monitoring activities such as audits, verifications and investigations, this being the responsibility of management and the corporate audit function.

Instructions for Board of Directors' Safety, Sustainability and Ethics Committee 
As of 13 March 2014

Audit Committee

The role of the Audit Committee is to assist in the exercise of the Board’s management and control responsibilities and to ensure that the group has an independent and effective external and internal auditing system. 

The duties of the Audit Committee include maintaining continuous contact with Statoil’s elected auditor concerning the auditing of the company’s accounts.

The committee also supervises the implementation of and compliance with the group’s ethical guidelines, concerning financial reporting.

The Audit Committee assesses and makes a recommendation concerning the choice of external auditor, and it is responsible for ensuring that the external auditor meets the requirements set by the authorities in Norway and in other countries in which Statoil is listed on the stock exchange.

Instructions for Board of Directors' Audit  Committee 
As of 3 May 2017