About us Our people Our businesses News and insights Contact us Our governance HOME ABOUT US OUR GOVERNANCE L1 recognises that our success rests on maintaining best-in-class corporate governance and a sound business reputation. While L1 is a privately held business, we implement governance practices that are benchmarked against the best public company international standards. We are committed to ensuring the highest standards of corporate governance, business practice and ethics. SIMON ROACHE L1 has made good progress this year putting in place an IT compliance platform across the group to manage all approvals and we continue to adopt policies to uphold the highest standards in the companies which we invest in. We have a strong compliance function, and where appropriate, we proactively engage with authorities to ensure that our structures, processes and procedures meet all relevant standards. Company structure LetterOne is an international investment business consisting of two groups: L1 Holdings is the parent of the group comprising L1 Energy, which invests in the energy sector. L1 Investment Holdings is the parent of the group comprising L1 Technology, L1 Health, L1 Retail and L1 Treasury. Board level governance At a corporate level, L1 operates through two Boards of Directors, each with executive, shareholder and independent directors. The Boards are supported by their Audit & Compliance, and Nomination & Remuneration Committees. The Board of Directors of L1 Holdings is responsible for setting investment strategy and approving investment decisions for L1 Energy. The Board of Directors of L1 Investment Holdings is responsible for setting investment strategy and approving investment decisions for L1 Technology, L1 Treasury, L1 Health and L1 Retail. L1 Holdings and L1 Investment Holdings Accordion Icon - Plus/Minus L1 Holdings is the ultimate parent of the group comprising L1 Energy, which invests in the energy sector. L1 Investment Holdings is the ultimate parent of the group comprising L1 Technology, L1 Health, L1 Retail and L1 Treasury. L1 Investment Holdings makes investments in the telecoms and technology sectors through L1 Technology, in the healthcare sector through L1 Health and in the retail sector through L1 Retail. L1 Treasury manages L1's liquidity and financial investments. Role of advisory boards Accordion Icon - Plus/Minus Treasury Accordion Icon - Plus/Minus Tax strategy Accordion Icon - Plus/Minus Board committees Accordion Icon - Plus/Minus Corporate auditors Accordion Icon - Plus/Minus Chairman's governance letter Accordion Icon - Plus/Minus Our businesses Learn more about the areas we invest in and understand the value we bring to active investment. Our businesses Our people Meet the entrepreneurs, business people and investing experts that are part of the LetterOne team. Our people News and insights Read the latest news, insights and thought leadership from LetterOne. News and insights © Letterone Holdings S.A. 2021 © Letterone Investment Holdings S.A. 2021 +352 26 38 77 1 Email us 1 - 3 Boulevard de la Foire, L-1528 Luxembourg SITE TOOLS Terms and conditions Privacy and cookie policy Accessibility Site map Cookie settings ® LetterOne is a registered trademark of Letterone Holdings S.A. Your choice regarding cookies on this site We use cookies to optimise site functionality and give you the best possible experience. I AcceptI Do Not AcceptCookie settings