A or KF (English: "municipal enterprise") is a
Norwegian 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 go ...
type. Specifically the term relates to an undertaking owned by a
municipality
A municipality is usually a single administrative division having corporate status and powers of self-government or jurisdiction as granted by national and regional laws to which it is subordinate.
The term ''municipality'' may also mean the go ...
. An equivalent enterprise owned by a
county is known as a or FKF ("county enterprise"). Each KF and FKF has its own separate
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 organiz ...
and a
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 ...
, but the undertakings are not
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 it ...
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
limited companies.
Types of companies of Norway
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