Corporate governance

Introduction
Corporate governance refers to the entire system for managing and overseeing a company, including its organization, its commercial principles and guidelines as well as all internal and external regulatory and monitoring mechanisms. We are bound to good Corporate Governance, ensuring transparency and independence in the company’s management.

The parent company of the NPG Wealth Management Group is NPG Wealth Management S.à.r.l which is managed by a Board of Managers ("Conseil de gérance"). These managers are elected by the company shareholders at the Annual General Meeting.

The Board of Managers has set up a number of committees, including a Remuneration Committee and an Audit and Compliance Committee for each of the operating companies. The Remuneration Committee is responsible for defining the bonus scheme, deciding on general pay rises and on the remuneration of certain company managers. The Audit and Compliance Committee monitors the external audit process, risk management and compliance with statutory requirements.