Schibsted has prepared guidelines for the Group’s corporate governance that, among other things, require compliance with the Norwegian Code of Practice for Corporate Governance. The Group’s guidelines in this area have been approved by the Group Board.
Schibsted’s corporate governance is based on Schibsted’s publishing tradition and the value base that is key to the Group’s operations.
One of several cornerstones of Schibsted’s vision is that Schibsted is to be a group that contributes to democracy and diversity through its integrity and editorial independence. Schibsted is to respect the fact that different media are based on varying publishing and political viewpoints and have individual characteristics. The Group’s publications are to strive to achieve quality and credibility and must defend values such as freedom of religion, tolerance, human rights and democratic principles. The Group Board is working to ensure the long-term, healthy financial development of the Group.
The requirements of editorial freedom and integrity are to be normative for all the media and publications of the Group’s Norwegian and foreign companies. This is so integral to the Group’s corporate governance that it is also stated in Schibsted’s Articles of Association.
For further information on the Group’s value base, ethical guidelines and guidelines for corporate social responsibility, refer to the article in the annual report dealing with corporate social responsibility.