Hydro is a public limited company organized under Norwegian law. Our governance structure is also based on Norwegian corporate law. Our primary listing is on the Oslo stock exchange and subject to Norwegian securities legislation and stock exchange regulations.
Hydro follows the Norwegian Code of Practice for Corporate Governance of October 2018, please see link in the right-hand column.
Our governance systems
The foundation of our governance system is The Hydro Way, which represents our framework for leadership, organization and culture. To learn more about The Hydro Way, click here.
The Hydro system is based on the delegation of responsibility to our business areas and to corporate functions that manage, among other areas, finance, tax and accounting. We maintain uniformly high standards by utilizing common requirements across all sections of our business.
These common standards exist as corporate directives that are mandatory for our entire organization. The directives address, among other things, strategy and business planning, finance, risk management, organizational and employee development, health, security, safety and environment, ethics and social responsibility. We make this information available to all employees via our intranet.
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. The board of directors has approved our code of conduct. It applies to all Hydro employees and board members worldwide, as well as those of our subsidiaries. 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.