The company publishes a yearly financial calendar with dates for presentation of quarterly reports and the Annual General Meeting.
All information of major events and acquisitions are published at the Oslo Stock Exchange and the company's website. All publication of financial reporting and other information is in accordance with the Norwegian Securities Trading Act securing that the shareholders, investors and others receive correct, clear, relevant and up-to-date information in a timely manner. The company holds public presentations quarterly, which are simultaneously broadcasted over the internet.
Aktiv Kapital was in 2005 given exemption from the Oslo Stock Exchange and can publish all information to the market in English. The company will conform to Norwegian accounting rules as regards information that has to be presented in Norwegian, this applies to the directors' report and the Annual accounts.
Take-overs
The Board will not seek to hinder or obstruct take-over bids for the Company's activities or shares unless there are particular reasons for this. The Board of Directors will not exercise mandates or pass any resolutions that obstruct a take-over bid unless this is approved by the Annual General Meeting following the announcement of the bid.
The Board of Directors has a particular responsibility to ensure that shareholders are given sufficient information and time to form a view of an offer. If an offer is made for a significant and controlling stake of the shares, the Board of Directors will, if able, issue a statement evaluating the offer and make a recommendation as to whether shareholders should or should not accept the offer.
Auditor
The company’s elected auditor is Ernst & Young. The auditor submits a Management Letter to the Board following the audit of the interim and annual accounts. The Management Letter also includes an evaluation of the company’s internal control. The auditor participates in the Board meeting at which the annual accounts are approved by the Board. The Board of Directors holds meeting once a year with the Auditor at which neither the chief executive nor any other member of the executive management is present. The auditor also participates in the Annual General Meeting. The auditor Ernst & Young has served as the company’s auditor since 1998. Information about the fee paid to the auditor is stated in the Annual Report.
The Norwegian Code is complied with.