Corporate Governance

Corporate governance

Lalique Group is committed to good corporate governance to safeguard the interests of its shareholders and other stakeholders while helping the Group to achieve long-term success. Lalique Group’s approach to corporate governance is based on its Articles of Association. It also follows the guiding principles of the Swiss Code of Best Practice for Corporate Governance and complies with the current requirements set out in the “Directive on Information Relating to Corporate Governance” (DCG) issued by SIX Swiss Exchange.

The Compensation and Nomination Committee consists of at least two members of the Board of Directors. The current members are Silvio Denz, Jan Kollros (chairman) and Roland Weber. All members of the Compensation and Nomination Committee are individually elected by the Shareholders’ Meeting for terms of one year. Re-election is permitted. The chairperson of the Compensation and Nomination Committee is appointed by the Board of Directors (article 26 section 3 of the current Articles of Incorporation of the Company).

The Audit Committee consists of at least two members of the Board of Directors. The current members are Philippe Vidal (chairman) and Yugnesh Kumar Agrawal. All members of the Compensation and Nomination Committee are elected by the Board of Directors for terms of one year. Re-election is permitted. The purpose of the Audit Committee of the Board of Directors of the Company is to assist the Board of Directors in fulfilling its oversight responsibilities relating to the Company’s financial accounting and controls.