Page 32 - Bouvet årsrapport ENG 2010 ePub

Bouvet annual report 2010 32

Incentives

Bouvet has a proft-sharing scheme whereby a progressively increasing percentage of the proft is allocated to employees.

Ethics

Bouvet appreciates the importance of clear ethical guidelines for its employees. As a consultancy, compliance with these is particularly important.

Te Group’s ethical guidelines have been adopted to protect the critical resources of the Group and its clients in an appropriate and satisfactory manner when executing projects.

Environmental impact Bouvet’s activities do not pollute the natural environment, and are not regulated

by licences or ofcial edicts. Waste sorting is implemented in accordance with local regulations.

Corporate governance

Bouvet complies with the Norwegian code of practice for corporate governance. More details are provided elsewhere in this annual report.

Prospects

Developments during 2010 have reinforced the conviction that Bouvet has a competi-tive range of services and a business model tailored to customer requirements. Te Group continued to take market share and further reinforced its position in a stead-ily improving market. Bouvet’s goal is to strengthen this even further in the time to come.

Demand for able consultants is high, and attracting capable new employees without a negative efect on the level of costs will be a challenge. Bouvet’s recruitment eforts are tailored to the various regions, and it believes that highly interesting jobs with good development opportunities combined with a unique social environment will con-tinue to attract the most talented people. A good infow of contracts during the fourth quarter provided a positive start to 2011 and, viewed overall, Bouvet expects to make continued progress in the year to come.

Oslo, 13 April 2011

Director, elected by the employees

Elsa Mäyrä Irgens Director, elected by the employees

Morten Njåstad Bråten Director, elected by the employees

Åge Danielsen Chair

Randi Helene Røed Deputy chair

Grethe Høiland Director

Sverre Hurum President and CEO