Board of Directors

The Board of Directors of Lifeline SPAC I Plc has general responsibility for the company’s governance and the appropriate organization of the company’s operations. The Board of Directors approves the principles concerning the company’s strategy, organization, auditing and financial controls and appoints the company’s CEO.

The company’s Board of Directors has not established separate audit or remuneration committees; the Board prepares and handles these tasks in an appropriate manner.

A Charter for the Board of Directors has been created to guide the activities of the Board. The duties of the Board of Directors include, among others:

• monitoring the company’s financial reporting, internal auditing and controls, risk management, and related-party transactions
• electing the auditor, assessing the auditor’s independence of the company and monitoring the auditing process, and
• preparing proposals to the General Meeting for the remuneration and appointment of members of the Board of Directors.

The company’s Board of Directors comprises a minimum of five and a maximum of eight full members. The members of the Board are elected for a term ending at the closing of the first Annual General Meeting following the election. The Board of Directors elects a Chair for the term from among its members. According to the company’s Articles of Association, the company’s sponsors are entitled to appoint two out of five members of the Board before the acquisition and two years thenceforth.

Members of the Board of Directors