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Changes to the Board of Directors


This year, the election terms for Board members Hans Olav Lindal, Rebekka Glasser Herlofsen, Morten Ulstein and Siri Pettersen Strandenes all expired.Following a Committee Meeting held on May 14, Herl...

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Managing Director

The Club shall have a Managing Director who shall be in charge of the day-to-day administration of the Club, implement the resolutions of the Board of Directors and moreover further the interests of the Club in accordance with the instructions and guidelines laid down by the Board of Directors.The daily administration does not comprise matters which by the Club’s standards are of an unusual kind or major importance.The Managing Director may decide matters under authorisation from the Board of...

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The Board of Directors

The Board of Directors shall consist of at least five and not more than ten directors, together with the number of deputy directors decided by the Committee.In addition two board members and two deputy board members shall be elected by and from among the employees of the Club. If a director elected by the employees terminates his / her employment with the Club, he / she shall also retire as a director.The Board of Directors shall meet regularly, called by the Chair of the Board in order to deal...

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Functions of the Board of Directors

The Board of Directors shall administer the business of the Club, ensure that the Club is properly organised and that the interests of the Club and its members are furthered in an appropriate manner. The Board of Directors shall to the extent it is necessary stipulate plans and budgets for the Club’s business. The Board of Directors shall also stipulate operational guidelines and instructions for management.The Board of Directors shall keep informed of the Club’s financial position and is o...

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Audit Committee

The Association shall have an audit committee. The Board of Directors decides whether the entire Board shall serve as audit committee, or whether the committee shall be elected by and from the members of the Board of Directors. Members of the Board of Directors who are executives of the Association can not be elected as members of the audit committee.The audit committee shall in total have such competence as is required to carry out its duties based on the Association's organisation and operatio...

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Membership

Every assured in the capacity as owner is a member of the Club, unless otherwise stated in this paragraph, or as individually agreed.The Club may grant membership to a lessee, charterer, operator, mortgagee or other co-insured. The Board of Directors stipulates guidelines regarding the assessment if, and to whom, membership shall be given.The Club may grant membership to a Captive insurance company at the discretion of the Board of Directors. Otherwise, reinsurance  does not give right to memb...

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Signatories for the Club

The Board of Directors represents the Club in its dealings with third parties and signs for it. The Managing Director represents the Club in third party dealings that come under the everyday administration.The Club is also committed by the signature of the Chair of the Board or the Managing Director separately or by the joint signatures of two other directors.The Board may grant power of procuration.

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Functions of the Committee

The Committee shall supervise the Board of Directors' and the Managing Director's administration of the Club, and that the objective of the Club is furthered in accordance with Norwegian law, these articles, and the resolutions of the General Meeting and the Committee.Each of the Committee members may, at Committee meetings, request information regarding the operation of the Club to the extent it is considered necessary. Investigations can be initiated either by the Committee itself or a panel...

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New member of the Board of Directors


... (DNB Life, 1999-2010) and Board member of DNB (2007-2010). Following the election, the members of the Board of Directors are: Hans Olav Lindal                  Viken Shipping AS Nils Petter...

Ordinary General Meeting

The Ordinary General Meeting shall be held once a year before the end of the month of June.The annual financial statement and the annual report of the Board of Directors, as well as the auditors' report and the statement of the Committee, shall be distributed to all members of the Club with known addresses no later than one week before the General Meeting. These papers shall also be distributed to those present who have not received the documents beforehand.The following matters shall be dealt...

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Marianne Møgster joins The Club's Board of Directors


... Administration from the Norwegian School of Economics and Administration (NHH).  Pictured: Marianne MøgsterThe Board of Directors, as of 19 May 2020, is as follows:Rebekka Glasser Herlofsen, Walle...