Board and committees
Board of Directors
The Board is the ultimate governance body of the Company and is responsible for the ultimate supervision of the Group. The Board attends to all matters which are not reserved to the General Meeting or another governance body of the Company by law, the Articles of Association or internal regulations.
Chairman’s and Corporate Governance Committee
Our Chairman’s and Corporate Governance Committee liaises between the Chairman and the full Board, acts as a consultant body to the Chairman and CEO, and regularly reviews aspects of our Governance. It also advises on financial matters.
Nomination and Sustainability Committee
Our Nomination and Sustainability Committee (NSC)?ensures our managerial sustainability and oversees the long-term succession planning of the Board, its independence and self-evaluation. It ensures an appropriately wide net is cast on key successions.
Our Compensation Committee sets our remuneration principles and prepares the proposals for remuneration. In 2015, we implemented the new Swiss ‘say on pay’ law both in letter and in spirit. Our proposals were adopted with large majorities of our shareholders. Our Compensation Report explains our compensation system and pay-outs. It is submitted annually to an advisory vote of our shareholders.
Our Audit Committee oversees internal and external audit, financial reporting, compliance and risk management, and paid special attention to cyberlaw and quality this year.
|Chairman's and corporate governance committee||Compensation committee||Nomination and Sustainability committee||Audit committee|
|Henri de Castries||Member||Chairman||Member|
|Ann M. Veneman||Member|
|Ursula M. Burns||Member|
|Kimberly A. Ross||Member|
|Hanne Jimenez de Mora|