Corporate Governance
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MediStim strongly believes that sound corporate goverance creates higher firm value, higher profits, higher sales growth, and contributes to lower capital expenditures. As such, Corporate Governance is an effective tool used in bridging the gap between management and shareholders, ensuring good corporate ethical behavior.
MediStim is committed to maintaining high standards of gorporate governance. The Board of Directors of Medi-Stim has adopted a set of Principles of Corporate Governance. These principles have been developed in light of the provisional Norwegian Code of Practice for Corporate Governance.
MediStim views the development of sound corporate governance as a continuous process and will continue to focus on improving the level of corporate governance. MediStim has a set of corporate values that guides the way we conduct all our business. The values are leading every employee in their daily activities, as well as how we interact with customers, investors and other stakeholders.
A key concept in MediStim's approach to corporate governance is the equal treatment of shareholders. All shares in the company carry equal voting rights and are freely transferable. The shareholders exercise their authority in the Company through the General Meeting, according to the Articles of Incorporation.
In order to clearly define the tasks and responsibilities of its Board of Directors and the Chief Executive Officer, MediStim has adopted Rules of Procedure for its Board of Directors and clear Instructions for the Chief Executive Officer.
MediStim adheres to all provisions of the Securities Trading Act relating to insider trading. The Company has implemented Insider Instructions for Primary Insiders and Instructions for Insider Responsible.
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