Corporate governance

Labco SAS is a French legal entity and acts as the holding company of its French operational subsidiaries. In addition it owns 100% of its subsidiaries that act as holding structures for its operational units in the countries outside of France. These national subsidiaries are responsible for the local operational strategy and execution; the legal structure of Labco’s operation units depends on local regulations (e.g. SEL in France, MVZ in Germany)

The central governing body of the network is the annual General Meeting of Shareholders which appoints the Strategic Committee.

The Strategic Committee acts as the representatives of Labco’s shareholders and oversees the management of the company. This board is composed of representatives of the three main shareholders groups: laboratory doctors, managers and financial investors. The board’s missions consist of managing the shareholdings, defining the global strategy and monitoring the financial and budgetary policies of the network.

The Executive Committee is responsible for the selection of the managing directors of Labco, who direct the general management of the network and implements the strategy and tactics defined by the Strategic Commitee. Its mission is to supervise the daily activities of the network.