Information and control instruments relating to the Group Executive Board

The Board of Directors meets at least four times a year as specified in the internal rules and regulations. The ordinary meetings usually last half a day. The members of the Group Executive Board attend these meetings. The Board of Directors receives monthly reports about the course of business and is periodically informed about risk exposure developments as well as the adherence to legal, regulatory and internal rules and regulations. Its control instruments include the semi-annual reporting requirements, the annual budget process, the external audits and, in particular, the internal audit, which reports directly to the Chairman of the Audit & Risk Committee (see also Internal organization).

With Veit de Maddalena taking over operational management of the Bellevue Group as Executive Chairman of the Board of Directors on 2 June 2025, Prof. Dr Urs Schenker was appointed Lead Independent Director. The duties and powers of the Lead Independent Director are governed by Art. 18 para. 2 of the Swiss Code of Best Practice for Corporate Governance. In particular, the Lead Independent Director ensures appropriate control over the Group Executive Board and is authorised, if necessary, to convene and hold independent meetings with the independent members of the Board of Directors.

During the meetings of the Board of Directors, every director can request other board members or the CEO to provide them with information about any matters relating to Bellevue Group. In the interim between meetings every Board member can request information about the course of business from the CEO and can also, upon approval by the Board Chairman, receive information about specific business transactions and inspect business documents.