Corporate governance refers to the way a company is managed and controlled, and the major principles and frameworks that regulate interaction between the company's managerial bodies, its owners and other stakeholders.
The framework for Novo Nordisk's corporate governance system consists of external regulation and codes, and internal principles.
Novo Nordisk is in compliance with applicable securities laws in Denmark, the US and the UK. The company is also in full compliance with the Danish Corporate Governance Recommendations and is in general compliance with corporate governance standards for foreign companies listed on the New York and London stock exchanges.
Novo Nordisk's values are consistent with principles of good governance, and The Novo Nordisk Way of Management forms the internal values-based governance framework.
Novo Nordisk holds itself accountable to shareholders for its performance. The company seeks to enhance the accuracy, completeness and reliability of the information provided in the company's annual financial and non-financial reporting through internal controls, assurance and independent audits. Reporting helps shareholders assess the actions of the Board and management.