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
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.
Instructions for Board of Directors' Safety, Sustainability and Ethics Committee
As of 13 March 2014
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.
Instructions for Board of Directors' Audit Committee
As of 3 May 2017