Experience and training
The NGC continues to believe that a longer induction period is desirable for new Independent Directors to allow for building understanding of the business and, where succession for a Committee Chair is taking place, the transfer of knowledge and relationships associated with the particular committee. Additionally, the Board believes it is important for all directors to have significant international experience at an executive level, a challenging yet consensual style, and the highest level of integrity. The Committee regularly considers whether there may be gaps in fulfilling the specific and in-depth experience that the Board requires as a whole, which focuses on the following areas:
— strategy, culture and leadership
—business environment in both the US and the MENA region
—pharmaceutical manufacturing and distribution
—development of new generic pharmaceutical capabilities
— listing regulations, investor perceptions and governance
Hikma supports Directors in their continued development. As the Directors are highly experienced, their training needs tend to be related to either ensuring awareness of changes in the business, political and
regulatory environments, or bespoke training and mentoring on particular areas for development. Therefore, Hikma financially supports specific training requests and ensures that Directors are briefed by
internal and external advisers on a regular basis. During the year, the Company Secretary arranged briefings for Directors on matters such as global politics, the pharmaceutical regulatory and competitive
environment, capital markets and listing related developments.
Board members frequently visit the business units and meet management teams to fully understand and advise on the important issues facing the Group. In previous years, Non-Executive Directors visited facilities in Jordan, Portugal and the US. The Executive Directors and Ali Al-Husry have extensive experience of Hikma from its earliest days to today. The Directors maintain regular contact with senior management and the Company Secretary ensures that Directors are kept up to date with major developments in the Group’s business.
Board geographical experience