Corporate Governance Model
Norvestor is a member of the European Venture Capital Association (EVCA), the Norwegian Venture Capital Association (NVCA) and the Swedish Venture Capital Association (SVCA). Norvestor applies the International Private Equity and Venture Capital Guidelines and EVCA Reporting guidelines for portfolio valuation and reporting to investors.
Norvestor follows the NVCA Guidelines on Active Ownership and Transparency in Private Equity Funds, dated August 2009, on a "comply or explain" basis.
Conflict of interests
Norvestor is generally aware that conflicts of interest could potentially arise between investors in the different Norvestor funds, the firm itself, the portfolio companies etc. when investing, divesting and otherwise. Standards and processes have been put in place to ensure that all relevant circumstances have been carefully considered before decisions are made and that any potential conflict of interest has been identified and dealt with in a prudent manner to ensure fair treatment of all concerned.
CSR
It is Norvestor's objective to be socially responsible and to contribute to the communities in which we are present by promoting sustainable and profitable growth in the portfolio companies. The call for social responsibility falls equally on all levels of the organisations; in the funds as well as in the portfolio companies.
Norvestor and the portfolio companies do not accept products or work routines that are harmful to the environment or components of products that do not live up to high ethical, environmental and safety-related standards. It is important to consider the environmental impact and risks before an investment decision is made and to minimise the environmental impact of our businesses through careful use of resources, optimisation of operations, recycling and handling of waste.
The investment strategy of the funds reflects that all business activities must uphold respect for international human rights principles and act not to tolerate discrimination including discrimination based on gender, age or race or the neglect of health and safety issues towards employees as well as consumers. Norvestor and the portfolio companies also respect national and international labour laws.