Committees
Overview of the Board’s Committee Memberships
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2019
Member
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Chairman
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Felix Stinson
2021
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Audit Committee
The Audit Committee (AC) handles Board of Directors affairs in particular in the areas of accounting, financial reporting, internal control system/risk management, corporate governance, and in decisions with a significant financial scope.
Nomination and Compensation Committee
The Nomination and Compensation Committee (NCC) addresses matters in the areas of compensation for members of the Board of Directors, the CEO and Group Executive Management, as well as human resources matters at the level of the Board of Directors and Group management (e.g. selection of candidates for election or re-election; laying down of the principles for the selection of candidates).
Governance Board Sustainability / ESG
Environmental protection, social responsibility and good Corporate Governance, also known as ESG topics (Environmental, Social and Governance), are an integral part of Valora’s corporate strategy. Consequently, ESG topics are on top of the Board’s agenda. In the light of the importance of ESG the Board of Directors established a Governance Board Sustainability / ESG (GBS). The GBS comprises two Board Members, Franz Julen and Felix Stinson, the CEO, the Head of Corporate Sustainability, the Head of Sustainability Management and the Head of Communications. The SGB is chaired by the Chairman of the Board. Whereas Corporate Governance topics are dealt with by the Audit Committee, the GBS focuses on sustainability which encompasses environmental and social dimensions. The GBS plays an important role by supporting the Board to set the sustainability strategy and the direction for sustainable development of the Valora Group.