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This Guide for Life Science Company Directors (the Guide) aims to support and enhance the performance of boards of directors leading public and private life science companies. It has been developed as a companion document to the Code of Best Practice for Reporting by Life Science Companies (Ed 2, 2013) (the Code). It outlines for less experienced directors or those new to life sciences issues typical to life science companies that are generally not typical in other industry sectors.

 

Innovative, technology-sed companies in the life science industry have different pressures, such as unique regulatory requirements and a different business cycle than many other industries. Directors of such companies therefore require additional, specialised knowledge that is not generally learned from available corporate governance materials or taught in mainstream governance courses.

 

AusBiotech has developed the Guide with the support of the Victorian Government and in collaboration with industry and governance experts. AusBiotech is committed to the development, growth and prosperity of the Australian biotechnology industry and developing the skills of leading executives is a key objective. An important component of a thriving life science industry is the quality of company governance, which in turn will support the broader industry.

 

 

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