Summary
Cencora, Inc. (formerly AmerisourceBergen Corporation) announced on December 2, 2019, the formation of a new Board-level Compliance and Risk Committee, effective December 1, 2019. This initiative underscores the company's commitment to robust oversight of its business operations, particularly in areas of ethics and compliance. The committee will play a crucial role in monitoring the enterprise risk management program, the compliance program under the Chief Compliance Officer, legal and regulatory adherence, and the Code of Ethics and Business Conduct. This move by the Board of Directors is a proactive step to strengthen governance and risk mitigation. The establishment of a dedicated committee highlights the importance the company places on maintaining high ethical standards and managing potential risks effectively. Investors can view the committee's charter on the company's investor relations website for further details on its scope and responsibilities. The composition of this new committee and related Audit Committee changes are also disclosed.
Key Highlights
- 1Creation of a new Board-level Compliance and Risk Committee, effective December 1, 2019.
- 2Committee established to enhance oversight of enterprise risk management, compliance programs, legal/regulatory compliance, and the Code of Ethics.
- 3The committee's formation reflects a commitment to ethics and robust business oversight.
- 4Initial members of the Compliance and Risk Committee are Lon R. Greenberg (Chair), Ornella Barra, and Kathleen W. Hyle.
- 5D. Mark Durcan appointed Chair of the Audit Committee, succeeding Lon R. Greenberg.
- 6Lon R. Greenberg remains a member of the Audit Committee.
- 7The charter for the new committee is available on the investor relations website.