Benvue recognizes good corporate governance as an important element and the Board of Investors has adopted a Code of Conduct to be followed by all company personnel. The company aims to maintain good and open communication in order to encourage everyday activities.

Benvue policy in the area of corporate governance is based on the following items:

• Benvue will lead an open, reliable and relevant communication with the outside world about its activities and matters relating to corporate governance.
• Benvue will have a board that is independent from the management.
• It should be emphasized that there are no conflicts of interest between shareholders, board of investors and management. If conflicts arise, there should be procedures to handle this in a professional way.
• Benvue should have a clear division between the board and management.