Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 246

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 6
Chunk 246
---
5(d) regarding the independence of our Remuneration Committee, all members of our Remuneration Committee meet the heightened independence requirements under these rules.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

●   Charters. Nasdaq Stock Market Listing Rules 5605(c)(1), (d)(1) and (e)(2) require that each committee of the Board of Directors must have a formal written charter. Pursuant to the 2020 Code, our Board of Directors has drawn up a Corporate Governance Charter including, amongst others, the internal rules with respect to the composition, role and functioning of our Board Committees.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Audit Committee
Our Audit Committee consists of three members (situation as of December 31, 2024): Jérôme Contamine (Chair), Peter Guenter, and Simon Sturge. 
Our Board of Directors has determined that all members of our Audit Committee are Non-Executive members of our Board of Directors, and all of the Audit Committee members are also Independent Board members under Rule 10A-3 of the Exchange Act and the applicable rules of the Nasdaq Stock Market, as amended, and that, as per December 31, 2022, Jérôme Contamine qualifies as an “Audit Committee financial expert” as defined under the Exchange Act. Collectively, the members of the Audit Committee shall have sufficient relevant expertise to fulfill their roles effectively, notably in financial matters and the life sciences industry.
​
Our Audit Committee assists our Board of Directors in fulfilling its monitoring responsibilities with respect to financial reporting and control and risk management in the broadest sense. 
Our Audit Committee’s duties and responsibilities to carry out its purposes include, among others, without any limitation:

●   monitoring the integrity of the Company’s financial statements, and the Company’s accounting and financial reporting process and financial statement audits;
----------------------------------------------------------------------------------------------------------------------------------------------------------------

●   monitoring the effectiveness of the Company’s internal control and risk management systems, incl. the cybersecurity risk management program and related controls;
---------------------------------------------------------------------------------------------------------------------------------------------------------------------

●   monitoring the internal audit function and its effectiveness;
-----------------------------------------------------------------

●   monitoring the performance of the external auditor and the audit of the statutory and consolidated accounts, including any follow-up on questions and recommendations made by the external auditor;
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

●   reviewing and monitoring the independence of the external auditor; and
--------------------------------------------------------------------------

●   informing the Board on the Company’s ESG activities.
--------------------------------------------------------
​
The Audit Committee regularly reports to our Board of Directors on the discharge of