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An independent Group governed by a non-profit foundation

We are an independent Group governed by a non-profit foundation: Servier International Research Foundation
(Fondation Internationale de Recherche Servier – FIRS).

Unique in the pharmaceutical industry, the Group’s governance structure preserves its independence, guarantees a long-term vision and enables Servier to reinvest all its profits into its own development.

This structure allows the Group’s Vocation to express itself fully: to be committed to therapeutic progress.

The general principle of this unique structure is to dissociate the power (i.e. administration and control) from the ownership of capital (i.e. the Group’s assets).

Thus :

– The power is ensured by a governance foundation named ‘FIRS’ (Fondation Internationale de Recherche Servier) without capital and not for profit; This includes the power to appoint or dismiss Group leaders;

– The capital of the Group is held, in part, by French non-profit associations and is self-regulated for the remaining parts (legal structure enabling a company to hold its own capital);

– The holding company of the Group (Servier SAS) is therefore not held by any individual. It reinvests all its profits into therapeutic progress and company growth.

A stable, sustainable and independent group



Servier's governance structure

 

1 - Governance

The FIRS foundation comprises the following bodies:

  • A Foundation Council composed of a President, Executive Vice Presidents and other members. All are Group employees.
LIST OF MEMBERS
  • A Supervisory Board composed of members who are not Group employees. It is responsible for ensuring the founding principles of the Group are respected. The President is appointed by the Supervisory Board. The Supervisory Board ratifies the Group’s strategy.
LIST OF MEMBERS

2 - The capital

Part of the capital is held by French non-profit associations and the remaining part is owned by the Group itself (legal structure enabling a company to hold its own capital).

The members of the associations are the Group companies.
The purpose of these associations is the development of research and medical knowledge.

3 – The Group

As mentioned above, the holding company of the Group (Servier SAS) is not held by any individual.
It controls 100% of the Group’s operating subsidiaries worldwide.
Servier SAS pays no dividends and so can plow back all its profits into therapeutic progress and company growth.

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