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Board Committees

Board Committees

Lavipharm has established, as per its Board of Directors’ Resolutions (No. 854 / 16.3.2009), three Board Committees, which assist the tasks of the Board of Directors and ensure the objectivity and reliability of its decisions.

 

Audit Committee

The mission of the Audit Committee is to provide ongoing support to the Board of Directors in the exercise of its oversight responsibilities and to meet its obligations to Shareholders, the investment community and third parties, in particular with regard to the financial reporting process.

 

Chairman:

Lito Ioannidou, Independent Non-Executive Member of the Board of Directors.

 

Members:

Christos Diamandopoulos, Independent Non-Executive Member of the Board of Directors.

Minas Tanes, Non-Executive Member of the Board of Directors

 

The Audit Committee is appointed by the Company’s Annual Shareholders Meeting and consists of three (3) non-executive and in their majority independent members of the Board of Directors. The term of office of the Audit Committee’s members is defined by the Annual Shareholders’ Meeting.

 

During 2019, Audit Committee’s Charter has been updated.

 

Corporate Governance Committee

 

The mission of the Corporate Governance Committee is to ensure the continued compliance of the Company with the current regulatory framework on corporate governance issues, as well as the implementation of best international corporate governance practices for the Company and the Group, in order to protect the company and its long-term value.

 

Remuneration and Succession Planning Committee

 

The Remuneration and Succession Planning 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 at Lavipharm. Moreover, it assists in the development of a corporate culture founded on fairly evaluating effort and rewarding performance, the establishment and maintenance of a coherent system of values and incentives for the employees’ development throughout the organization. 

 

Chairman:

Christos Diamandopoulos, Independent Non-Executive Member of the Board of Directors

 

Members:

Minas Tanes, Non-Executive Member of the Board of Directors

Christopoulos James, Independent Non-Executive Member of the Board of Directors

 

During 2019, Remuneration and Succession Planning Committee’s Charter has been updated.