The introduction of independent members to the Governance Committee and the creation of new committees contribute to the company's diversity, transparency and accountability.
Quadpack's Governance Committee has been strengthened with the appointment of its first independent members. Three new committees have also been created, focusing on sustainability, audit and risk, and remuneration and appointments. These changes were ratified at the Annual General Meeting of Shareholders, held on July 13, 2021 at Quadpack's Barcelona headquarters. Taken together, these measures boost the key principles of good management, including participation, transparency, fairness and inclusiveness, effectiveness and efficiency, and accountability.
Institutional investor expert Chrysoula Zervoudakis and diversity specialist Cheryl Hall have joined Quadpack's Board of Directors as independent members. Ms Zervoudakis brings 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 connection with the UN's 17 Sustainable Development Goals.
As Quadpack strengthens the organization of its goal-oriented oversight and management culture, the appointments of Chrysoula Zervoudakis and Cheryl Hall enrich the diversity of the Board of Directors in a number of ways. Tim Eaves, Quadpack's CEO, Chairman and President of the Board, comments: "Chrysoula and Cheryl bring unique experience, fresh ideas and objectivity 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 our society."
The three new committees have been set up to reinforce sustainable practices, ethical processes, accountability and transparency. The Sustainability Committee, headed by Cheryl Hall, ensures that the company's performance is built on a foundation of sustainable growth. The Audit and Risk Committee, headed by Chrysoula Zervoudakis, monitors the integrity of the financial reporting system and internal controls. The Remuneration and Appointments Committee, headed by Steven Lewis, Board Vice President of Quadpack, guides the Board on policies relating to the appointment and remuneration of directors and senior managers with strategic responsibilities.
