Governance

Accountable, Responsible

POS Bio-Sciences is a not-for-profit, confidential R&D facility. Revenues are generated from clients on a fee-for-service basis for processes run in the pilot plants, analyses done in the laboratories, and from annual membership fees

POS is governed by a Board of Directors who are elected by the members. The Board believes that sound corporate governance practices are essential to the effectiveness of POS and our stakeholders. These practices are reviewed regularly by the Board's Corporate Governance Committee. All Board members must sign a Code of Ethics Agreement.

Strict systems of confidentiality are in place to protect our clients' valuable intellectual property. Furthermore, our bylaws state that the Board of Directors do not have any right to access the work or the results of any POS client work carried out on a confidential basis by POS. An independent third party technical auditor provides feedback annually on client satisfaction levels.