ACTELION'S BOARD OF DIRECTORS: OUR BEST PRACTICES ...
ACTELION'S BOARD OF DIRECTORS: OUR BEST PRACTICES ...
ACTELION'S BOARD OF DIRECTORS: OUR BEST PRACTICES ...
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INDEPENDENCE, STRUCTURE AND <strong>BEST</strong> <strong>PRACTICES</strong><br />
<strong>BOARD</strong> OVERSIGHT <strong>OF</strong> STRATEGY AND FINANCIAL /<br />
OPERATIONAL PERFORMANCE<br />
8<br />
Oversight and<br />
Benchmarking<br />
Strategy<br />
Shareholder<br />
Feedback<br />
External<br />
Analysis<br />
© 2011 Actelion Pharmaceuticals Ltd<br />
Board regularly and rigorously reviews and benchmarks<br />
business, operational, and financial performance<br />
Board frequently reviews pipeline, competition, assesses the<br />
M&A environment, evaluates the financial plan and related<br />
valuation analyses, and determines the best strategy for<br />
shareholder value<br />
Board considers input and feedback from shareholders<br />
Board formally engages financial and legal advisers and<br />
operational and recruitment / compensation consultants as<br />
required<br />
� Board retains independent, external financial advisers<br />
� Board retains independent external operational and strategy<br />
consultants to assist in its assessment of the Company’s strategy<br />
and financial plan<br />
08 March 2011 White Paper<br />
1
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