EDB awarded a prize for the best report on corporate governance

(Oslo, 28 November 2006) EDB has been awarded a prize for the best report on corporate governance. The prize is awarded by the Norwegian Corporate Governance Board (NUES), which awards this prize annually to the company listed on the Oslo stock exchange that produces the best report on corporate governance in its annual report for the preceding year.

"We very much appreciate the recognition that this prize represents. EDB has put a lot of detailed effort into following the recommendations on corporate governance issued by the Norwegian Corporate Governance Board. We believe that a clear delineation of roles between shareholders, the Board of Directors and the company's executive management strengthens confidence in the company and helps to ensure the best possible value creation over the longer term. Winning this prize is an inspiration for us to continue this important work on corporate governance", comments Bjarne Aamodt, Chairman of the Board of Directors of EDB.
 
The Norwegian Corporate Governance Board mentioned the following factors as part of the background to its decision to award this year's prize to EDB:
 
  • The board's report on corporate governance in the EDB Business Partner annual report was comprehensive, well set out and approachable, while at the same time it was expressed in precise and carefully considered terms.
  • The report follows the structure of the Norwegian Code of Practice on Corporate Governance, and addresses all the recommendations that make up the Norwegian Code.
  • EDB Business Partner took advantage of the opportunity offered by the Code to refer to supplementary information elsewhere. The report included useful references to the company's articles of association (which are provided in full in the annual report), to specific pages in the annual report, to the notes to the annual accounts and to pages on the company's website.
  • EDB Business Partner's overall presentation of corporate governance makes it easy for shareholders and readers in general to understand the company's approach to corporate governance and its policies in this area.
 
 
The prize will be awarded at the Corporate Governance Forum to be held in Oslo today. The purpose of the prize is to boost awareness of the Norwegian Code of Practice on Corporate Governance and increase its impact, as well as inspiring listed companies to improve their reporting in this area.
 
For further information contact:
Torgeir Kristiansen, Head of Information, EDB. Tel: +47 901 27 909

EDB Business Partner is a leading stock exchange listed IT group for the Nordic region. The group has 3,900 employees and reported turnover of NOK 4.8 billion in 2005. EDB delivers solutions that cover the entire range of business critical IT services from application services and industry-specific solutions through to IT operating services and network solutions.