Corporate Governance Framework
Cadeler follows the Norwegian Code of Practice for Corporate Governance, Danish law, and US securities regulations due to our listing on both the Oslo Stock Exchange and the New York Stock Exchange.
Governance practices are designed to reduce risk, maximise value, and ensure efficient, sustainable use of resources.
The Board of Directors oversees governance processes and engages regularly with stakeholders to ensure alignment with expectations.
Board of Directors
7 non-executive members in 2024, of which 71.4% are independent.
Gender diversity: 28.6% women, achieving our target of 25% female representation on the Board ahead of schedule.
Expertise spans climate, procurement, decarbonisation, and the energy transition.
Board committees: Audit Committee and Remuneration Committee, supporting oversight and accountability.
Business Conduct & Ethics
Cadeler’s Code of Conduct defines expectations for ethical business behaviour across the organisation:
Annual Board review and approval.
Mandatory for all employees, officers, and directors.
Covers anti-bribery, anti-corruption, human rights, equal opportunities, and respect in the workplace.
Whistleblowing protection:
"Speak Up!" confidential reporting channel, operated by an independent third party.
Open to employees, suppliers, and other stakeholders.
Zero tolerance for retaliation .
Anti-Corruption & Compliance
Zero tolerance for bribery or corrupt practices
Anti-bribery and Corruption Policy supported by Gifts & Hospitality Policy and Supply Chain Code of Conduct.
Reports investigated by the Legal team under the Chief Legal Officer.
Training:
First company-wide digital Ethics Engagement Training launched in 2024.
Annual requirement for all employees.
Senior leadership also receives in-person training on anti-bribery, competition law, and data privacy .
Supplier Relationships & Payment Practices
Preference for suppliers who share Cadeler’s commitment to integrity and sustainability .
Supply Chain Code of Conduct requires:
No forced or child labour.
Anti-bribery and corruption compliance.
Equal treatment and safe working conditions.