Corporate Governance

Indivior’s Guiding Principles (the values we respect) and our Code of Conduct (Doing the Right Things Right) underpin everything we do and provide a framework for decision-making,which is aligned with our values and commitment to making decisions with integrity. Across the organization, this framework also supports our culture, which unites and guides our workforce. Our culture is a genuine differentiator, enabling and encouraging our commitment to support the patient journey to treatment and recovery.

Compliance with the UK Corporate Governance Code

 

The UK 2018 UK Corporate Governance Code published by the Financial Reporting Council (the ‘2018 Code’) sets out standards of good practice in relation to: board leadership and company purpose; division of responsibilities; composition, succession and evaluation; audit, risk and internal control; and remuneration.

 

Further details about Indivior’s compliance with the Code can be found here.

 

 

The Board

The Board has ultimate responsibility for the management of the Group’s business. It approves the strategic aims and objectives and is responsible for assessing Indivior’s performance against those aims and objectives. The Board’s powers, authorities and duties are vested in it by, and pursuant to, the laws of England and Wales and Indivior’s Articles of Association. Further details on the role of the Board and its various Committees can be found applying the links below.

The Board is collectively responsible for the long-term success of the Company and for delivering value to shareholders. The Board provides strategic leadership and effective oversight of Indivior’s operations, either directly or through the work of its principal Committees. It has ultimate responsibility for the oversight and monitoring of Indivior’s governance, principal risks and control framework. 

 

Roles And Responsibilities Of The Board

The Board has a schedule of matters that are reserved to it for approval. The key areas reserved to the Board include:

The Board has delegated responsibility for the day-to-day management of the business to the Chief Executive Officer.

 

Board Composition
 

Details of the Board’s composition and the biographical details of each of the Directors can be found here. The Directors have a valuable combination of skills and business, scientific, pharmaceutical and disease experience which continue to be relevant to Indivior.

 

Board Committees

The Board has established four principal Committees to support it in fulfilling its oversight responsibilities; these are the Audit, Nomination & Governance, Remuneration and Science & Policy Committees. Each of these Committees has certain delegated responsibilities which are set out in their Terms of Reference.

The Chair of each principal Committee reports on the activities of the committee at the following Board meeting. Copies of all papers and the minutes of meetings of the principal Committees are available to all Directors.

View information on Board Committees

 

Executive Committees

In addition to the principal committees, Indivior has three executive committees: The Executive Committee, the Disclosure Committee and the Compliance Committee.  More detail about the executive committee can be found within this website section.

 

 

 

indivior - the board

The Board

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indivior - committees

Committees

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indivior - code of conduct

Code Of Conduct

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