What is Corporate Governance?
Corporate Governance refers to the way a company is managed and the major principles and frameworks that regulate interaction between the company's managerial bodies, its owners and other stakeholders. Novo Nordisk's values are consistent with the principles of good governance.
The Danish Nørby Committee Recommendations
The Danish Nørby Committee has defined corporate governance as follows:
"The goals, according to which a company is managed, and the major principles and frameworks which regulate the interaction between the company's managerial bodies, the owners as well as other parties, who are directly influenced by the company's dispositions and business (in this context jointly referred to as the company's stakeholders). Stakeholders include employees, creditors, suppliers, customers and the local community".
