Corporate Governance

The Lombardi Group consists of all companies owned or controlled by Loing Ltd., a Holding company registered in Switzerland. Loing Ltd. is entirely owned by senior staff members of the Group's companies.
The Lombardi Group is completely independent from third party capital. It’s Directors disclose their appurtenance to other companies’ boards, and refrain from holding such posts in companies with possible conflicts of interest with the policy and/or the clients of the Lombardi Group.

The Loing Board of Directors establishes the strategy and guidelines of the Lombardi Group. The boards of directors of the group companies consist of a majority of Loing delegates, and of a minority of delegates of the other shareholders and of third-party directors. This provision ensures an effective control of the group over the strategy and politics of the group companies, and of the success of it’s implementation. At the same time, the presence of third-party directors guarantees an independent view on the board’s functioning. As a rule, no management member should also be a director. Exceptions are tolerated.

Although a control of the application of strategy by the group is granted, the group companies are completely independent in their decision making. The competences for  decisions are regulated by the boards of directors of each group company, that usually delegate decision making within established limits to the management.

The management of each group company reports regularly to it's board of directors. The boards meet at regular intervals, at least four times every calendar year, in order to guarantee an effective control.

The main stakeholders are clients, shareholders and employees of the Lombardi Group companies. The management has the task of obtaining the client’s feedback regarding their satisfaction with the provided services. All employees are requested to express their opinion and suggestions regarding operations freely, and have the right to at least one yearly private meeting with their superior. Depending on the result of the company’s operation, a bonus is paid yearly to the employees.

The Lombardi Group owes respect to the human society and to the environment, and obedience to the laws of the countries the group’s companies are active in. All activities of the shareholders, directors and staff are subordinate to this respect and obedience.