ANNUAL FINANCIAL REPORT 2010 2010 - TiGenix

4.5 Warrants ............................................................................ 814.6 Outstanding financial instruments .................................................. 834.7 shareholders ........................................................................ 834.7.1 Overview ............................................................................ 834.7.2 Voting rights ......................................................................... 844.7.3 Shareholders’ agreements ............................................................ 845. Corporate governance ........................................................... 855.1 General provisions .................................................................. 855.2 Board of directors ................................................................... 865.2.1 General provisions.................................................................... 865.2.2 Chairman ............................................................................ 865.2.3 Independent directors................................................................ 865.2.4 Composition of the Board of Directors ................................................ 885.3 Committees of the board of directors ............................................... 915.3.1 General .............................................................................. 915.3.2 Executive committee................................................................. 915.3.3 Audit committee ..................................................................... 915.3.4 Nomination and remuneration committee ............................................ 925.3.5 Company secretary. .................................................................. 925.4 Executive management ............................................................. 925.4.1 General provisions.................................................................... 925.4.2 Composition of the executive management .......................................... 925.4.3 Chief executive officer ................................................................ 935.4.4 Chief business officer ................................................................. 935.4.5 Other members of the executive management ....................................... 945.5 Scientific advisory board and clinical advisors ...................................... 945.5.1 TiGenix .............................................................................. 945.5.2 Cellerix. .............................................................................. 955.6 Remuneration of directors and executive management............................. 955.6.1 Directors ............................................................................. 955.6.2 Executive management .............................................................. 955.7 Shares and warrants held by directors and executive management ................. 97ix •