The Board of Directors meets for one-day meetings at least four times a year and as often as business re- quires. In 2014, the Board held six meetings and one telephone conference.
Members of the EMB generally participate in Board meetings. Dr Andreas Meier, General Counsel of the Group, acts as a Secretary to the Board of Directors.
The Board of Directors consults external experts where necessary when discussing specific topics.
The Board of Directors is responsible for the strategic management of the company, the supervision of the EMB and the financial control. It reviews the company’s objectives and identifies opportunities and risks. In addition, it decides on the appointment and/or dismissal of members of the EMB. The Board of Directors also provides a mentoring service to the Executive Management. This aims to provide executives with an experienced sparring partner/coach and a sounding board for testing ideas and seeking qualified independent opinions.
The Board of Directors has an Audit Committee and a Compensation Committee, each consisting of not fewer than three Board members with relevant background and experience. The Strategy Committee was dissolved in April 2014 and its duties were transferred either to the Audit Committee or to the full Board.
As of 2014, the members of the Compensation Committee are elected by the General Meeting for a term of one year. In the event of a vacancy in the Compensation Committee, the Board of Directors appoints the replacement from among its own members for the remaining term of office. The members of the Audit Committee are appointed by the Board of Directors. Both Committees constitute themselves and appoint their chairman from among their members.
The Board of Directors may establish further committees or appoint individual members for specific tasks.
Members: Roland Hess (Chair), Dr Sebastian Burckhardt, Ulrich Looser.
Members: Stefan Meister (Chair), Ulrich Looser, Dr Beat Lüthi.
The Board of Directors has delegated responsibility for the operational management and sustainable development of the Company to the CEO and the Executive Management Board. The CEO is responsible for the overall management of the Straumann Group and its operations. The CFO is responsible for Finance and Information Technology.
The Heads of the Sales Regions are responsible for the sales and local marketing activities and performance of the various country organizations in their respective regions. The Heads of the Business Units (BUs) have a commercial responsibility for their businesses, including Product Lifecycle Management, Research & Development and Marketing within the respective BU portfolio.
The Board of Directors has not delegated any management tasks to companies outside the Group.