Annual Report 2012 - Acino
Annual Report 2012 - Acino
Annual Report 2012 - Acino
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34<br />
ACINO | CORPORATE GOVERNANCE<br />
Board of Directors of <strong>Acino</strong> Holding AG<br />
The Board Members are nonexecutive directors and independent<br />
of the <strong>Acino</strong> Group. Their main duties include:<br />
• strategic focus and management of the <strong>Acino</strong> Group<br />
• definition of the accounting system, financial control and financial planning<br />
• appointment and compensation of the Members of the Group Management<br />
• supervision of the business<br />
• preparation of the <strong>Annual</strong> <strong>Report</strong> and General Meeting of Shareholders and<br />
implemen tation of its decisions<br />
Audit Committee<br />
The Audit Committee assesses<br />
the Group’s financial statements,<br />
the audit results, the quality<br />
of the risk mana gement<br />
and the compliance with legal<br />
regulations.<br />
Pharmaceutical Compliance &<br />
Quality Committee<br />
The Pharmaceutical Compliance<br />
& Quality Committee examines<br />
the adherence to pharmaceutical<br />
compliance and the quality<br />
control system and assesses its<br />
adequacy and effectiveness.<br />
Chairman of the Board of Directors<br />
The Chairman supervises the management of the Group and informs the Board<br />
of Directors about the course of the business.<br />
Chief Executive Officer<br />
The CEO manages the business as a corporate entity and is the spokesperson<br />
of the Group. His duties and scope of authority explicitly include:<br />
• implementation of the strategic objectives, the definition of the operational<br />
focus and priorities as well as the appropriation of the necessary resources<br />
• development of the Group’s strategic plans, oneyear operational plans and<br />
budgets<br />
• leadership and supervision of the Members of Group Management<br />
• responsibility for safety and environmental protection in all sites of the Group<br />
Group Management<br />
The individual Group Management Members are responsible in their function/<br />
business for:<br />
• achieving the defined strategic, operational and quantitative objectives<br />
including budgets<br />
• establishment and supervision of an appropriate management and<br />
organizational structure<br />
• supervision of the Groupwide business performance and issuance of the<br />
necessary directives and guidelines (also with regard to legal compliance)<br />
• regular reporting on the business progress to the CEO and/or the Chairman
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