The introduction of independent members to the governance committee and the creation of new committees contribute to the diversity, transparency and accountability of the company.
Quadpack's governance committee has been strengthened with the appointment of its first independent members. Three new committees were also created, focusing on sustainability, audit and risk, as well as compensation and appointments. These changes were ratified at the General Meeting of Shareholders, which was held on 13 July 2021 at Quadpack's headquarters in Barcelona. Together, these measures boost the key principles of good management, including participation, transparency, fairness and inclusiveness, effectiveness and efficiency, and accountability.
Expert on institutional investors, Chrysoula Zervoudakis, and diversity specialist Cheryl Hall, have joined Quadpack's Board of Directors as independent members. Ms. Zervoudakis brings her financial experience with a strong focus on strategic development. Ms. Hall is a certified climate change coach and professional mentor to international entrepreneurs at the Royal Academy of Engineers Fellowship, in line with the UN's 17 Sustainable Development Goals.
As Quadpack strengthens the organization of its culture of objective-oriented oversight and management, the appointments of Chrysoula Zervoudakis and Cheryl Hall enrich the diversity of the Board of Directors on various levels. Tim Eaves, CEO, Chairman and President of the Board of Quadpack, said: "Chrysoula and Cheryl bring unique experience, fresh ideas and objectivity, elements that will be invaluable to our growth. Their passion and enthusiasm for creating a sustainable business will help Quadpack make an even more positive impact on our planet and society. »
The three new committees have been set up to strengthen sustainable practices, ethical processes, accountability and transparency. The Sustainability Committee, led by Cheryl Hall, ensures that the company's performance is based on a foundation of sustainable growth. The Audit and Risk Committee, headed by Chrysoula Zervoudakis, oversees the integrity of the financial reporting system and internal controls. The Compensation and Appointments Committee, led by Steven Lewis, Vice-Chairman Board of Quadpack, guides the Board on policies relating to the appointment and remuneration of directors and senior managers with strategic responsibilities.