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Kommunalt Foretak
A or KF (English: "municipal enterprise") is a Norway, Norwegian company type. Specifically the term relates to an undertaking owned by a Municipalities of Norway, municipality. An equivalent enterprise owned by a Counties of Norway, county is known as a or FKF ("county enterprise"). Each KF and FKF has its own separate board of directors and a managing director, but the undertakings are not limited liability companies. If more than one municipality and/or county is the owner, the company is instead classed as an or IKS ("intermunicipal company"). Municipalities and counties are also permitted to own aksjeselskap, limited companies. Types of companies of Norway {{government-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norway
Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and the archipelago of Svalbard also form part of Norway. Bouvet Island, located in the Subantarctic, is a dependency of Norway; it also lays claims to the Antarctic territories of Peter I Island and Queen Maud Land. The capital and largest city in Norway is Oslo. Norway has a total area of and had a population of 5,425,270 in January 2022. The country shares a long eastern border with Sweden at a length of . It is bordered by Finland and Russia to the northeast and the Skagerrak strait to the south, on the other side of which are Denmark and the United Kingdom. Norway has an extensive coastline, facing the North Atlantic Ocean and the Barents Sea. The maritime influence dominates Norway's climate, with mild lowland temperatures on the sea co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Company
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Municipalities Of Norway
Norway is divided into 11 administrative regions, called county, counties (''fylker'' in Norwegian, singular: ''fylke''), and 356 municipality, municipalities (''kommuner/-ar'', singular: ''kommune'' – cf. Municipality#communes, communes). The capital city Oslo is considered both a county and a municipality. Municipalities are the atomic unit of local government in Norway and are responsible for primary education (until 10th grade), outpatient health services, senior citizen services, unemployment and other social services, zoning, economic development, and municipal roads. Law enforcement and Church of Norway, church services are provided at a national level in Norway. Municipalities are undergoing continuous consolidation. In 1930, there were 747 municipalities in Norway. As of 2020 there are 356 municipalities, a reduction from 422. See the list of former municipalities of Norway for further detail about municipal mergers. The consolidation effort is complicated by a n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Counties Of Norway
Norway is divided into 11 administrative regions, called counties (singular no, fylke, plural nb, fylker; nn, fylke from Old Norse: ''fylki'' from the word "folk", sme, fylka, sma, fylhke, smj, fylkka, fkv, fylkki) which until 1918 were known as '' amter''. The counties form the first-level administrative divisions of Norway and are further subdivided into 356 municipalities (''kommune'', pl. ''kommuner'' / ''kommunar''). The island territories of Svalbard and Jan Mayen are outside the county division and ruled directly at the national level. The capital Oslo is both a county and a municipality. In 2017, the Solberg government decided to abolish some of the counties and to merge them with other counties to form larger ones, reducing the number of counties from 19 to 11, which was implemented on 1 January 2020. This sparked popular opposition, with some calling for the reform to be reversed. The Storting voted to partly undo the reform on 14 June 2022, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Board Of Directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Managing Director
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Liability
Limited liability is a legal status in which a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company or partnership. If a company that provides limited liability to its investors is sued, then the claimants are generally entitled to collect only against the assets of the company, not the assets of its shareholders or other investors. A shareholder in a corporation or limited liability company is not personally liable for any of the debts of the company, other than for the amount already invested in the company and for any unpaid amount on the shares in the company, if any, except under special and rare circumstances permitting " piercing the corporate veil." The same is true for the members of a limited liability partnership and the limited partners in a limited partnership. By contrast, sole proprietors and partners in general partnerships are each liable for all the debts of the business (unlimit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interkommunalt Selskap
Interkommunalt selskap or IKS (in English: Intermunicipal company) is a type of municipal or county owned company in Norway. It resembles very closely a Municipal Enterprise (''Kommunalt foretak'') or County Enterprise, but the IKS requires multiple municipalities and/or counties to be owners. The form is regulated by the ''Municipal Act''. Typical activities organised as IKS's include waterworks, archives, museums and garbage disposal. References See also * Local federation Municipalities and county councils in Sweden may form local federations () and transfer to such federations the management of local government concerns. When a local federation attends to a matter for which provisions exist in a special enactment, t ..., a similar organization in Sweden Norwegian words and phrases Types of companies of Norway {{government-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aksjeselskap
''Aksjeselskap'' is the Norwegian term for a stock-based company. It is usually abbreviated AS, historically often written as A/S. An AS is always a limited company, i.e. the owners cannot be held liable for any debt beyond the stock capital. Public companies are called Allmennaksjeselskap (ASA), while companies without limited liability are called ''Ansvarlig selskap'' (ANS). All AS companies must have a stock capital of at least NOK 30,000. In addition, they must have a board of directors, depending on the size of turnover, balance sheet total or number of employees, an auditor. They may appoint a managing director (MD) or chief executive (CEO). If the company has assets exceeding NOK 3 million, the board must have at least three members and cannot be chaired by the MD/CEO. Practically all Norwegian companies have a fiscal year from January to December, but some foreign subsidiaries may have a different fiscal year, as is allowed, to match the parent corporation. The A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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