LENMED AIR 2019.pdf

ABOUT OUR ANNUAL INTEGRATED REPORT 1
REFLECTIONS FROM OUR CHAIRMAN AND CHIEF EXECUTIVE OFFICER 2
VALUE CREATION HIGHLIGHTS 6
Five-year review 7
LENMED IN CONTEXT 8
Our organisational structure and operating footprint 8
OUR VISION, VALUES AND BRAND 10
Vision 10
Values 10
Our vision and values in action 11
Our brand promise 11
Our corporate culture 11
HIGH STANDARDS OF GOOD GOVERNANCE 12
Governance philosophy 12
Board of directors 12
Our management team 14
OUR SUSTAINABLE BUSINESS MODEL 16
Business activities 16
Inputs, outputs and outcomes 16
REFLECTIONS FROM OUR DEPUTY CHIEF EXECUTIVE OFFICER 18
OUR VALUE CREATION JOURNEY 22
OUR BUSINESS ENVIRONMENT 24
THE NEEDS AND EXPECTATIONS OF OUR STAKEHOLDERS 26
RISKS AND OPPORTUNITIES IN OUR OPERATING ENVIRONMENT 28
OUR MATERIAL MATTERS 30
How we determine our material matters 30
Our material matters 31
DELIVERING ON OUR STRATEGY 34
Our value creation strategy 34
FINANCIAL RESOURCES 36
REFLECTIONS FROM OUR CHIEF FINANCIAL OFFICER 38
HUMAN RESOURCES 44
SOCIAL AND RELATIONSHIP RESOURCES 48
INTELLECTUAL RESOURCES 52
NATURAL RESOURCES 54
CLINICAL GOVERNANCE REPORT 56
Clinical governance priorities and progress report 57
LENMED’S CORPORATE GOVERNANCE 62
King IV™ overview 63
Governance structure 69
DIRECTORS’ ATTENDANCE AT BOARD AND COMMITTEE MEETINGS 70
BOARD COMMITTEES 71
Audit and Risk Committee report 71
Risk management 75
Remuneration and Nominations Committee report 76
Social and Ethics Committee report 80
CONSOLIDATED ANNUAL FINANCIAL STATEMENTS 83
Acronyms and glossary 122
Notice of annual general meeting 125
Company information 132

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