The Board of Directors defines the strategic direction and is responsible for the ultimate management of Lonza as well as the supervision of the persons entrusted with Group management. It is responsible for issuing the necessary instructions especially with regard to compliance with the law, the Articles of Association, and the regulations and directives. In compliance with the law and the Articles of Association, the Board of Directors has – with the exception of non-delegable and inalienable duties – delegated the management of the company to the Executive Committee. The Board of Directors commits itself to maintaining the highest standards of integrity and transparency in its governance of Lonza.
In 2024, the Board of Directors agreed a series of updates to enhance governance and ensure robust succession planning, business stability and continuity. As part of an updated committee structure, the Nomination and Compensation Committee (NCC) was divided into the People and Governance Committee (PGC)1 and the Remuneration Committee (RemCo). The majority of Board Members now serve on two of our four Board Committees, ensuring closer engagement with the business in areas relevant to their experience and expertise. Further detail on these updates and their benefits to the Lonza governance model can be found here.
1Formerly Nomination and Governance Committee.
