Corporate Assembly

Eighteen members. Twelve are elected by the General Meeting of Shareholders, six are elected by and among the group's employees in Norway.

In accordance with Norwegian law, the Corporate Assembly:

  • Elects the Board of Directors and determines their remuneration
  • Nominates the external auditor to be elected by the General Meeting of Shareholders
  • Based on recommendations from the Board of Directors, makes decisions in matters relating to investments that are substantial in relation to Hydro's resources, and when closures and reorganizations will lead to significant changes for the workforce
  • Provides recommendations to the General Meeting of Shareholders with respect to approval of the Board of Director's proposal regarding the financial statements and dividend

See page 160-161 in Hydro's Annual Report 2014 for developments in 2014.


Updated: November 24, 2016