Creating better health for people and a brighter future for the world is our purpose. The science and technology we advance are constantly evolving. But through our enduring values, our ambition remains steadfast. We strive to deliver truly transformative treatments, contributing significant value to society while creating an exceptional experience for our people.

We have a management framework appropriate for a values-based, R&D-driven, that operates on a scientific system. We have strong internal controls, thorough compliance and risk management procedures and a structure that allows agile decision-making while also remaining sound and transparent. We believe that strong institutional governance maximizes organization value.

Strength of Foundation for Karl Landsteiner Blood Centre’s Governance

1. KLBC is a ‘Non- Profit Entity with Audit and Supervisory Committee’ as required by the Income Tax Act. Under this institutional design, we have enhanced the transparency and independency of the Board of Directors (BOD). And we have strengthened our organization governance by establishing a framework of audit and supervision conducted by the Audit and Supervisory Committee, and by increasing the proportion of Independent external Auditor.

2. KLBC has internal management committees comprised of Internal Directors delegated by the BOD, and the KLBC Executive Team (TET), which consists of the function heads of the KLBC . Matters determined by such committees are then reported to the BOD and the BOD supervises them in an appropriate manner.

3. KLBC proactively discloses important documents, such as Articles of Incorporation, Board of Directors Charter, BOD Skills Matrix, Executive Compensation Overview, to ensure the transparency of our organization governance.