Telecomunicazioni
Telenor Board assigns Deloitte to perform review of its minority ownership in VimpelCom
(Fornebu 5 November 2015) Telenor Board of Directors has assigned Deloitte Advokatfirma AS (Deloitte) to perform a review of Telenor's handling and oversight of the minority ownership in VimpelCom.
The review will focus on Telenor's handling of its ownership in VimpelCom which covers the Telenor nominees on the VimpelCom Supervisory Board and Telenor's follow-up as a shareholder. In addition the review will cover actions and decisions by Telenor nominees and Telenor employees in relation to VimpelCom's investment in Uzbekistan.
The review will assess facts and identify learning points for future governance and organization of Telenor's ownerships. This would cover both the formal governance structure and the practical handling of the ownerships. The review will cover the period from 2005 until this date.
The conclusions and recommendations of the review will be made public.
The review will cover:
Head of forensic services, Arnt Angell will lead the team from Deloitte. He has vast legal experience from compliance and anti-corruption area. Before joining Deloitte, Angell was a Chief Public Prosecutor and Head of The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (ØKOKRIM) anti-corruption department.
The external review is one of a number of measures taken by the Board of Directors in the last few years to ensure the robustness of both its compliance and anti-corruption practices, and its governance of group operations.
Contact:
Glenn Mandelid
Mobile: +47 926 61 300
Atle Lessum
Mobile: +47 415 05 645
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