Statsforetak
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The companies do have a board of directors and a managing director. The board must have at least three members; five if there is employee representation. The managing director can not sit on the board. All SFs must have an auditor.
History
The SF was created by the State Enterprise Act of August 30, 1991 (#71). Initially there were few SFs, but gradually there were created more, mainly by converting government agencies to SFs. During the 2000s the Conservative/Christian Democrat/Liberal government converted some of the SFs to limited companies, including Statkraft (the state power company).
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References
- State Enterprise Act (Lov om statsforetak) of August 30, 1991 #71
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