Instruksjoner

Classification: Open
5.13 Review the process for communicating the Code of Conduct to the organisation's
personnel and for monitoring compliance with the Code of Conduct relevant to the
committee’s responsibilities The committee shall annually make recommendations to
the board on amendments to Equinor’s Code of Conduct, in accordance with the
committee’s objective, and in particular to sections 3.6 (Financial and Business
Records and Reporting) and 3.10 (Inside Information), and receive reports on any
amendments to these sections of the Code of Conduct, made by the CEO, pursuant to
the CEO’s mandate to approve and implement minor and immaterial changes of the
Code of Conduct.
5.14 Obtain regular updates from management and the organisation’s CECO regarding
business integrity matters.
6. Other
In addition, the committee shall:
6.1 Review the tax strategy and receive timely updates on significant tax issues from the
head of CFO Treasury and Tax.
6.2 Annually require an overview of the competence and capacity relevant to the
committee’s objective and instruction, within
• Risk management, financial reporting, internal control, and accounting function
• Internal audit and investigation
• Legal,
and consider the adequacy of such competence and capacity in relation to the
committee’s objective and instruction.
6.3 Consider other matters at the request of the board, or which the committee itself or the
internal/external auditors wish to raise.
6.4 At least once a year, review the committee’s work and the competence needed for the
committee members to be able to cover sufficiently new requirements and
expectations to the committee, re-evaluate these instructions and propose
improvement measures.
7. BAC reporting to the board
The committee shall:
7.1 Update the board after each committee meeting, and report on issues related to risk
management and internal control, financial reporting, independence and qualifications
of the external auditor, internal audit matters and compliance matters to the extent the
committee considers that the issues require the attention of the board, and the
committee shall make recommendations to the board as to actions to be taken as
appropriate.
7.2 Update and provide a written summary to the board following the review of quarterly
financial reports, summarising the committee’s assessments and recommendations as
appropriate.