Corporate Governance in Nutri Pharma

Good corporate governance is characterised by responsible interaction between the owners, the Board of Directors and its management, viewed in both a short and longer term, value creation perspective.  Shareholders, employees, customers, suppliers, lenders, public authorities and society in general should be able to trust that a business is being run properly and that governing bodies are sufficiently independent in order to perform their functions.

Corporate governance deals with issues and principles related to the distribution of roles between the governing ­bodies of a company and the responsibility and authority assigned to each of those bodies. Proper attention must be given to the various roles and function of a Board of Directors to both foster proper controls, but at the same time encourage the business to assume risks and manage risks by encouraging innovation and entrepreneurship; all with the aim to enhance shareholder values. Proper attention must also be given to the characteristics of the Company participating in the business community where speed of decision making and in execution over time has been a core competitive advantage.

This document outlines key principles and guidelines for the governance of Nutri Pharma. These principles and guidelines are approved by the Board of Directors and are to be reviewed annually or more often if deemed necessary.

Ethics and social responsibility
Confidence in Nutri Pharma as a company and in its business activities as a whole is the most important factor to ensure future competitiveness of the Group. Nutri Pharma has high standards for how individuals such as Directors, employees, hired staff and thus anyone working on behalf of the company should proceed when faced with the daily competitive environment and demands for meeting our business objectives. The Board of Directors acknowledges the considerable responsibility the company has in relation to safety, security and environment together with our responsibility towards our stakeholders.

Business activities
Our main objective is to create shareholder value through our emphasis on achieving higher market penetration for our lifestyle products in growing markets, and consistently improving on operational efficiency and thereby growing the profitability of our business.

The articles of association of Nutri Pharma ASA states that; the company business is; industry, trade, consultancy and administration of owned and rented property and rights, including participation in other companies through shares. The current articles of association of the company are disclosed in their entirety on our web.

The Board of Directors and management have determined the current strategic direction for the Company to be to become a major supplier of health care and cosmetics products based on long-term product rights and ownership, through direct sales in various markets internationally.