Corporate Governance

The overall objective of Vikings corporate governance policies is to meet shareholders’ demands for returns on their invested capital as well as the long-term health and overall success of the business.

Corporate governance within the Viking Group is mainly based on the Companies Act, other applicable laws and regulations, the Company’s Articles of Association and Vikings internal governance documents. The governance of Viking is also designed to support Vikings business model, where decisions are made at in the most effective manner possible.

The Annual General Meeting, the Board of Directors and the CEO are the main governing bodies of Viking:

  • The Annual General Meeting (AGM) is the company’s highest decision-making authority and serves as the forum through which Vikings shareholders exercise their influence over the business.
  • The Board of Directors, who is elected by the shareholders, is ultimately responsible for the strategy and the organization of Viking and the management of its operations.
  • The CEO, appointed by the Board of Directors, is responsible for handling the day-to-day management of Viking in accordance with instructions from the Board. The CEO is supported by the Group Executive Management team.

The external auditor of Viking is appointed at the Annual General Meeting.

Viking believes in adhering to responsible business practices and practicing good corporate citizenship. Promotion, adoption and effective implementation of guidelines for the responsible conduct of business and business relationships are consistent with the fiduciary responsibility of protecting long-term investment interests.