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 NPG Wealth Management is NPG Wealth Management S.à.r.l which is managed by a four-person 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.

Annual General Meeting
The last Annual General Meeting (AGM) of NPG Wealth Management S.à.r.l was held on 6 November 2008 to formalize the new partnership with the Delta Lloyd Group. The company’s share capital was increased to 2,500,000 EUR, divided into 100,000 shares with a par value of 25.00 EUR each. The Group’s Articles of Association were amended accordingly. The next AGM will take place in 2010.

An Extraordinary General Meeting (EGM) was held on 17 December 2009 to decide upon the new composition of the Board of Managers. In that context, the EGM approved the appointment of Thierry Porté as Group CEO of NPG Wealth Management.

Articles of Association
The Articles of Association of NPG Holding S.a.r.l. can be downloaded here:



Articles of Association of NPG Wealth Management S.à.r.l (PDF-File, 745 KB)