Internal control & improvement

Internal Audit is the independent control body of the company with responsibility for monitoring that the business is continuously subject to adequate management and control as well as operated in an efficient and appropriate manner. Internal Audit’s main responsibilities are:

• establish risk-based annual audit plans
• planning, execution and communication of audits
• provide consulting services related to management and control
• conduct accident and misconduct investigations
• prepare semi-annual reports for management and the board’s audit committee
• examine compliance with Vår Energi’s code of ethics and anti-corruption laws and regulations
• perform audit activities in order to generally accommodate prevention and detection of fraud and other irregularities

Continuous improvement

Improvement is a significant integrated part of Vår Energi’s business activities. Therefore, an improvement function is an important position in our corporate management group. The function’s main focus areas are:

• integrate into one-team organisation and build new culture
• integrate business plan with risk, compliance and performance process
• improve prioritisation and decision-making
• identify and measure post-merger synergies
• renew and improve the way we work, including digitalization