Management structure

The general meeting of BDO AS functions according to the Norwegian Limited Liability Companies Act and the company’s articles of association and shareholder agreement, and it elects the Board of Directors of BDO AS. The board of directors of the limited partnership ”BDO Indre selskap” will consist of the same members who are elected at any time as the chair and members of the Board of Directors of BDO AS. The company board of directors is responsible for BDO’s operations.

The nomination committee is elected by the general meeting of BDO AS and will propose members for the board of directors. The nomination committee will consist of three members and one deputy member. The composition of the nomination committee will reflect the varying sizes of the departments. No profit centre may have more than one member on the nomination committee.

The representation on the board of directors will be distributed with respect to both the size and geographic location of the individual departments. A profit centre should not have more than one representative on the board of directors. The board of directors must at all times encompass a combined expertise that serves the partners. Employees are entitled to representation on the board of directors pursuant to Section 6-4 of the Norwegian Limited Liability Companies Act. The board of directors consists of 10 members, of which 3 represent the employees. The members of the board of directors are elected for a period of up to 2 years. The chair of the board of directors is elected by the general meeting. The board of directors itself elects the deputy chair. The articles of association for BDO AS also state that the board of directors must have a composition that meets the prevailing requirements of the Norwegian Auditors Act. Among other things, this means that the majority of both the members and the deputy members of the board of directors are state authorised public accountants.

The Board of Directors consists of the following participants: • Board of Directors Chair Ingjer Ofstad, Partner, BDO

Advokater • Deputy Chair Henrik Dagestad, Partner, BDO Advokater • Anne Merete Vorpenes, Partner, Business Service • Arne Inge Almklov, Partner, Audit and Assurance • Kåre Rødssæteren, Partner, Audit and Assurance • Cathrine Sæther Karlsen, Partner, Audit and Assurance • Yngve Gjethammer, Partner, Audit and Assurance

Employee representatives: • Svein Zwygart, Manager, Business Service • Terje Eggum Adolfsen, Senior Manager, Audit and Assurance • Håvard Tysdal, Senior Manager, Internal Finance

Department

BDO AS is required to have a managing partner who is appointed by the Board of Directors of BDO AS. The managing partner at BDO AS must also be the managing partner at the limited partnership ”BDO Indre selskap”.

BDO has 74 offices in Norway. The offices are arranged in 11 profit centres. The managers at the respective profit centres are directly responsible for the results at their offices and coorporate with the managers for the service areas. Each profit centre is to be operated according to guidelines approved by the company board of directors.

The Managing Partner’s role and responsibilities are laid down by the company board of directors in instructions for the Managing Partner.

The Managing Partner reports directly to the board of directors and submits a summary of the business development and the most important goals going forward. The Managing Partner keeps employees continuously informed through vlogs, joint information meetings, office visits and presentations at internal events. This provides information about BDO’s strategy and operations and gives individuals an opportunity to raise issues directly with the Managing Partner. The Managing Partner prepares BDO’s business strategy in concert with the national management group and ensures its implementation after adoption by the BDO board of directors. Management holds monthly meetings.

The national management group consists of: • Martin Aasen, Managing Partner • Knut Evensen, Partner/Head of Region Østfold/Follo • Roger Telle-Hansen, Partner/Head of Region

Metropolitan Oslo • Stein Rhoar Juul, Partner/Head of Region SørVest • Tom Aleksandersen, Partner/Head of Region MidtNord • Marianne Rygvold Karlsen, Partner/Head of Strategy and Transformation • Steinar Andersen, Partner/Head of QRM • Maria Fronth-Sagen, Chief Marketing &

Communications Officer • Kristina Bors, Chief HR Officer • Jørgen Brodtkorb, Chief Information Officer • Eirik Meling Veien, Chief Financial Officer • Marte Bjelland, Senior Associate Advisory and Project

Manager for BDO’s sustainability Strategy

In addition, national service leaders play a key role in the company’s management. National service leaders at BDO are: • Hanne Fritzsønn, Partner/Head of Tax and Legal • Erik H. Lie, Partner/Head of Audit and Assurance • Martin Aasen, Managing Partner /Head of Advisory • Andreas Ystgaard Tjemsland, Partner/Head of Business Service

Managing Partner

Chief HR Officer

Partner/Head of Region Østfold/Follo

Chief Information Officer

Partner/Head of Region Metropolitan Oslo

Chief Marketing & Communications Officer

Partner/Head of Region SørVest

Partner/Head of Strategy and Transformation

Partner/Head of Region MidtNord

Chief Financial Officer

Partner/Head of QRM

Senior Associate Advisory and Project Manager for BDO’s sustainability Strategy