Investor

Risk Management

NORDEN works actively at avoiding or limiting the risks there are besides the commercial aspects in operator activities and shipping operations.

Active risk management plays a central role in NORDEN’s goal for the Company to make reasonable earnings and maintain its financial flexibility also in fluctuating markets. An important element is NORDEN’s diversification of its business by being active in 2 segments: Dry Cargo and Tankers.

It is NORDEN’s policy to only assume material risks within the commercial aspects of its shipping operations. Other risk factors should be avoided or limited by hedging the exposure, through diversification or guarantees. The Executive Management is responsible for identifying material risks and developing the Company’s risk management. Exposures and the utilisation of the framework are reported to the Board of Directors on a monthly basis.

 Risk Management in details 
 Risk committee (charter of the risk committee)

Statutory Statement for Corporate Governance, cf. S. 107 (b) of the Danish Financial Statements Act

NORDEN has established internal control and risk management systems in order to ensure that NORDEN’s financial statements are presented in accordance with applicable accounting legislation and Danish disclosure requirements for the annual reports of listed companies and to ensure fair, informative reporting without material misstatements or omissions.

 See also Whitepaper on NORDEN’s corporate governance practice

Download NORDEN’s Statutory Statement for Corporate Governance, cf. S. 107 (b) of the Danish Financial Statements Act below.

In relation to the financial reporting process for 2017:

Statutory Statement for Corporate Governance 2017

pdf

In relation to the financial reporting process for 2016:

Statutory Statement for Corporate Governance 2016

pdf

Lovpligtig redegørelse for virksomhedsledelse 2016 

pdf

In relation to the financial reporting process for 2015:

Statutory Statement for Corporate Governance 2015

pdf

Lovpligtig redegørelse for virksomhedsledelse 2015 

pdf  

In relation to the financial reporting process for 2014:

Statutory Statement for Corporate Governance 2014

pdf

Lovpligtig redegørelse for virksomhedsledelse 2014 

pdf  

In relation to the financial reporting process for 2013:

Statutory Statement for Corporate Governance 2013

pdf  

Lovpligtig redegørelse for virksomhedsledelse 2013 

pdf  

In relation to the financial reporting process for 2012:

Statutory Statement for Corporate Governance 2012

pdf  

Lovpligtig redegørelse for virksomhedsledelse 2012 

pdf  

In relation to the financial reporting process for 2011:

Statutory Statement for Corporate Governance 2011

pdf  

Lovpligtig redegørelse for virksomhedsledelse 2011 

pdf  

In relation to the financial reporting process for 2010:

Statutory Statement for Corporate Governance 2010

pdf  

Lovpligtig redegørelse for virksomhedsledelse 2010 

pdf