Statsforetak
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Statsforetak or SF, meaning State Enterprise is a type of
unlimited liability in the company. The government is free to convert any aksjeselskap
(limited company) that it owns, or any other assets, to an SF, without approval by other parties.
The companies do have a
managing director. The board must have at least three members; five if there is employee representation. The managing director can not sit on the board. All SFs must have an auditor
.
History
The SF was created by the State Enterprise Act of August 30, 1991 (#71). Initially there were few SFs, but gradually there were created more, mainly by converting government agencies to SFs. During the 2000s the
Conservative/Christian Democrat/Liberal government converted some of the SFs to limited companies, including Statkraft
(the state power company).
Some Statsforetaks:
References
- State Enterprise Act (Lov om statsforetak) of August 30, 1991 #71