Board of Directors

The Board of Directors represents the collective shareholders and acts in the best interests of the Company. Each member, whatever his/her designation, represents the Company’s shareholders. The Board of Directors meetings are held as often as deemed necessary or appropriate at the request of the Chairman. All members, and in particular the independent and non-executive members, are guided by the interests of the Company and its business, such interests including but not limited to the interests of the Company’s shareholders and employees.

 

The members of the Board of Directors are elected by the general meeting of shareholders for a period not exceeding six years. They are eligible for re-election and may be removed at any time, with or without cause, by a resolution adopted by a simple majority of votes of the general meeting of shareholders. The Directors may be either natural persons or legal entities. A legal entity that is appointed to the Board of Directors designates a natural person as its representative.

 

As of 6 January 2014 the Board of Directors consists of:

 

  • 1 executive member representing the management of the Company: 

Mr. Jean-François Ott

 

  • 2 independent members: 

Mr. Guy Wallier

Mr. Edward Hughes

 

  • 2 non-executive members representing the shareholders: 
Mr. Jiří Dedera and Mr. Radovan Vítek of Crestline Ventures Corp. and Gamala Limited.
 

The general meeting of shareholders held on 27 June 2013 elected Mr. Jean-François Ott as Managing Director of the Company until the general meeting of shareholders concerning the approval of the annual accounts of the Company relating to the accounting year ending 31 December 2013.