Sevan Marine shall be managed based on principles that seek to ensure openness, integrity and equal treatment of shareholders. The Company follows the Norwegian Code of Practice for Corporate Governance of 2010. The management and Board of Directors annually review the principles for corporate governance and how they are implemented in the Group.

The Company’s compliance with the Norwegian Code of Practice can be described as follows:

• Business Strategy
• Equity and Dividend
• Equal Treatment of Shareholders and Transactions with Related Parties
• Free Negotiable Shares
• The General Meeting
• Nomination Committee
• Corporate Assembly and Board of Directors
• The Work of the Board of Directors
• Risk Management and Internal Control
• Remuneration of the Board of Directors
• Remuneration of Senior Management
• Information and Communication
• Takeovers
• Auditor