The business of Navidea Biopharmaceuticals. ("Navidea") is conducted by its employees, managers and officers, under the direction of our CEO and the oversight of the Board of Directors (the "Board"), to enhance the long-term value of the corporation and its stockholders. In keeping with our underlying values, Navidea is committed to strong corporate governance. The Board has developed corporate governance practices to help fulfill its responsibility to the stockholders. Our governance practices fully comply with existing and new governance laws, rules and regulations, including the Sarbanes-Oxley Act of 2002 and NYSE listing standards.
Role of the Board
The Board of Directors is elected by the stockholders to oversee management and to assure that the long-term interests of the stockholders are being served. Directors are expected to attend all scheduled Board and committee meetings and the annual meeting of the stockholders.
The Board of Directors has 2 standing committees. The members of each committee are appointed by the Board of Directors.
The purpose of the Audit Committee is to assist the Board of Directors' oversight of the Company's accounting and financial reporting processes and the audits of the Company's financial statements.
Compensation, Nominating and Governance Committee
The purpose of the Compensation, Nominating and Corporate Governance Committee is to assist the Board of Directors in the discharge of its responsibilities relating to compensation of the Company's executive officers; to recommend to the Board the persons to be nominated for election as directors at any meeting of stockholders; develop and recommend to the Board a set of corporate governance principles applicable to the Company; and oversee the evaluation of the Board