Policies

BW Offshore is dedicated to maintaining high standards of corporate governance. Corporate governance addresses the interaction between the shareholders, board of directors, management, employees and other stakeholders.

Maintaining high standards of corporate governance improves the quality of discussions and decisions by the corporate bodies and strengthens confidence among shareholders and the investor market, contributing to value creation.

The Board of Directors has proposed the following Dividend Policy to be approved by the Shareholders at the Annual General Meeting of the Company on 12 May 2011:

“BW Offshore has an objective to generate competitive long-term total shareholder returns. This return will be achieved through sustainable growth and stable dividend payments. BW Offshore targets a payout ratio of 20-25 per cent of EBITDA. The level of dividends will be approved by the Directors on a quarterly basis.”

CORPORATE GOVERNANCE