The Board has overriding responsibility for managing the group and supervising its day-to-day management and operations. The work of the Board is based on rules of procedure and applicable legislation describing its responsibility, duties and administrative procedures. Equinor’s Board of Directors has three sub-committees which act as preparatory bodies.
Rules for the Board of Directors in Equinor ASA
With effect as of 26 October 2016. Updated 15th May, 2018.
Compensation and Executive Development Committee
The role of the Compensation and Executive Development Committee is to assist the board in its work on terms and conditions of employment for the Chief Executive, and on the philosophy, principles and strategy for the compensation of leading executives in Equinor.
Instructions for Board of Directors' Compensation and Executive Development Committee
As of 6 May 2020
Safety, Sustainability and Ethics committee
The Safety, Sustainability and Ethics committee (the Committee) is established to support Equinor’s commitment to sustainable and ethical conduct.
Instructions for Board of Directors’ Safety, Sustainability and Ethics Committee
Adopted by the board of directors on 24 April 2018. Last amended 15 May 2018
The role of the Audit Committee is to assist in the exercise of the Board’s management and control responsibilities and to ensure that the group has an independent and effective external and internal auditing system.
Instructions for Board of Directors' Audit Committee
Adopted by the Board of Directors on 2 May 2019