Board Committees

Board Committees

Our company, by decision of the Board of Directors (Board Decision No. 854/16.3.2009) has set up committees which assist the duties of the Board and ensure the objectivity and reliability of its decisions.

Audit Committee

Lavipharm, applying the Code’s internal control framework tailored to its needs and functions, has developed an Internal Control System (ICS). ICS includes all recorded audit mechanisms and procedures which cover a full spectrum of daily corporate operations and procedures. The System’s updating is an ongoing procedure.

Corporate Governance Committee

The purpose of the Corporate Governance Committee is to assist Lavipharm’s Board in ensuring that its composition, structure, policies and processes meet all relevant legal and regulatory requirements. It also strives to achieve best practice standards of corporate governance across the Group and facilitate the Board and Management’s operation with a view to increasing the long-term value of the company.

Human Resources and Remuneration committee

The Human Resources and Remuneration Committee assists and advises the Board of Directors and Corporate Management in issues relating to attracting, retaining, developing and motivating executives and employees of the highest professional and moral caliber for Lavipharm, the development of a culture of fairly evaluating effort and rewarding performance, the establishment and maintenance of a coherent system of values and incentives for human resource development throughout the group.