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Statsforetak
Statsforetak or SF, meaning State Enterprise is a type of company in Norway. SFs are wholly owned by the Government of Norway, but it does not hold limited liability in the company. The government is free to convert any aksjeselskap (limited company) that it owns, or any other assets, to an SF, without approval by other parties. The companies do have a board of directors and a managing director. The board must have at least three members; five if there is employee representation. The managing director can not sit on the board. All SFs must have an auditor. History The SF was created by the ''State Enterprise Act'' of August 30, 1991 (#71). Initially there were few SFs, but gradually there were created more, mainly by converting government agencies to SFs. During the 2000s the Conservative/Christian Democrat/Liberal government converted some of the SFs to limited companies, including Statkraft Statkraft AS is a hydropower company, fully owned by the Norwegian state. The Statk ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industrial Development Corporation Of Norway
The Industrial Development Corporation of Norway or SIVA ( no, Selskapet for industrivekst) is a Norwegian state enterprise responsible for government investment in incubators, science parks, industrial parks and real estate through partial ownership of other companies. The ultimate goal is to stimulate economic growth, through strengthening Norway's capacity related to innovation and creativity. SIVA is based in Trondheim, where it employs almost 40 people.Jonas Skybakmoen (17 April 2013)Haugane går til toppjobb i staten Adresseavisen, retrieved 12 June 2013 Through its investments there are about 8,000 employees in total. Investments include 46 industry and business parks in Norway, one in Russia, one in Latvia and two in Lithuania. It also holds partial ownership of 15 science- and 10 research parks, 20 incubators, 45 business gardens, 12 venture capital institutions and 4 research and development companies. SIVA cooperates closely with the Research Council of Norway and I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statnett
Statnett is a Norwegian state owned enterprise responsible for owning, operating and constructing the stem power grid in Norway. The company has its headquarters in Oslo, Norway. Statnett also owns 30% of the Nord Pool Spot along with other Nordic transmission system operators. Network Statnett is the transmission system operator in Norway, operating of high power lines. There are plans to upgrade the western grid from 300 to 420 kV at a cost of 8 billion NOK, partly to accommodate cables to Germany and England. The power grid in Norway is divided into three sectors: the stem net, the regional net and the local net. While it is often local municipalities who own the regional and local net, the government through Statnett owns the stem net. The stem net typically has 300 to 420 kilovolts (kV) and is used to transport electricity large distances. There are a number of international power cables from Norway to abroad, including lines to Sweden (3,600 MW), Finland (1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statskog
Statskog is a Norwegian state-owned enterprise responsible for the management of state-owned forest and mountain real estate totaling approximately 20% of the area of Norway. About 5% of Statskog's land is productive forest while 80% is above the tree line. The company has its headquarters in Namsos. In southern Norway the operations of productive forestry is conducted by Statskog-Borregaard Skogsdrift AS, a joint venture between Statskog and Borregaard. Across the country Statskog also manages hunting licences and allows for travel and tourism in nature. History Statskog was established in 1860 as Statens skovvæsen and was organized under the Ministry of the Interior. In 1957 it was separated from the Ministry of Agriculture under the name Direktoratet for statens skoger. It changed its name and underwent reorganisation in 1992–1993, and the head office was moved from Oslo to Namsos. While it presently owns a fifth of the land of Norway, until July 1, 2006 it owned a thi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bane NOR
Bane NOR SF, formerly Jernbaneinfrastrukturforetaket (English: ''Railway Infrastructure Company''), is the Norwegian government agency responsible for owning, maintaining, operating and developing the Norwegian railway network, including the track, stations, etc. It is the result of the rail reform of the Conservative-led coalition. The agency which is organized as a state enterprise became operational on 1 January 2017. Bane NOR, and the Norwegian Railway Directorate replaced the former agency, the Norwegian National Rail Administration The Norwegian National Rail Administration ( no, Jernbaneverket) was a government agency responsible for owning, maintaining, operating and developing the Norwegian railway network, including the track, stations, classification yards, traffic ma ... ( no, Jernbaneverket). References Government agencies of Norway Rail transport in Norway Railway companies of Norway Government agencies established in 2016 Railway companies establis ... [...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] |
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] |
Government Of Norway
The politics of Norway take place in the framework of a parliamentary system, parliamentary, representative democracy, representative democratic constitutional monarchy. Executive power is exercised by the Council of State (Norway), Council of State, the List of Norwegian governments, cabinet, led by the prime minister of Norway. Legislative power is vested in both the government and the legislature, the Storting, elected within a multi-party system. The Judiciary of Norway, judiciary is Judicial independence, independent of the executive branch and the legislature. Reporters Without Borders ranked Norway 1st in the world in the 2019 Press Freedom Index. Freedom House's 2020 Freedom in the World report classified Norway as "free," scoring maximum points in the categories of "political rights" and "civil liberties". Constitutional development The Constitution of Norway, Norwegian constitution, signed by the Eidsvoll assembly on 17 May 1814, transformed Norway from being an absolu ... [...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] |
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] |
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] |
Auditor
An auditor is a person or a firm appointed by a company to execute an audit.Practical Auditing, Kul Narsingh Shrestha, 2012, Nabin Prakashan, Nepal To act as an auditor, a person should be certified by the regulatory authority of accounting and auditing or possess certain specified qualifications. Generally, to act as an external auditor of the company, a person should have a certificate of practice from the regulatory authority. Types of auditors * External auditor/ Statutory auditor is an independent firm engaged by the client subject to the audit, to express an opinion on whether the company's financial statements are free of material misstatements, whether due to fraud or error. For publicly traded companies, external auditors may also be required to express an opinion over the effectiveness of internal controls over financial reporting. External auditors may also be engaged to perform other agreed-upon procedures, related or unrelated to financial statements. Most impor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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