{"id":168,"date":"2020-09-25T13:32:11","date_gmt":"2020-09-25T11:32:11","guid":{"rendered":"https:\/\/leo-foundation.org\/da\/?page_id=943"},"modified":"2026-09-01T14:51:43","modified_gmt":"2026-09-01T12:51:43","slug":"ownership","status":"publish","type":"page","link":"https:\/\/leo-foundation.org\/en\/ownership\/","title":{"rendered":"Ownership"},"content":{"rendered":"\n<div class=\"wp-block-group alignfull is-style-pattern-leo-center has-primary-snow-background-color has-background\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<div style=\"height:72px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 id=\"engaged-ownership\" class=\"wp-block-heading is-style-large-type\">Engaged ownership<\/h2>\n\n\n\n<div style=\"height:47px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"text-cols text-cols-columns-1 text-cols align\" data-block_b278b22fc843d084e95085ce21eca327>\n  <div class=\"acf-innerblocks-container\">\n\n<p class=\"wp-block-paragraph\">The LEO Foundation is an enterprise foundation established in 1984 with the primary purpose of ensuring the continuance of the global pharmaceutical company <a href=\"https:\/\/leo-pharma.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">LEO Pharma A\/S<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In accordance with our <a href=\"https:\/\/leo-foundation.org\/en\/about-us\/how-we-work\/#charter\">charter<\/a>, the LEO Foundation is the permanent controlling shareholder of LEO Pharma, and we exercise engaged ownership to support the company\u2019s long-term development and success.<\/p>\n\n<\/div>\n<\/div>\n\n<style type=\"text\/css\">\n  [data-block_b278b22fc843d084e95085ce21eca327] p {\n    column-count: 1;\n    column-gap: 30px;\n  }\n<\/style>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"text-cols text-cols-columns-1 text-cols align\" data-block_b278b22fc843d084e95085ce21eca327>\n  <div class=\"acf-innerblocks-container\">\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n<\/div>\n<\/div>\n\n<style type=\"text\/css\">\n  [data-block_b278b22fc843d084e95085ce21eca327] p {\n    column-count: 1;\n    column-gap: 30px;\n  }\n<\/style>\n<\/div>\n<\/div>\n\n\n\n<div style=\"height:24px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"679\" src=\"https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2020\/12\/Headquarters_P0_DK_Ballerup_Glass_Stairs_Lo-res-1024x679.jpg\" alt=\"\" class=\"wp-image-2951\" srcset=\"https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2020\/12\/Headquarters_P0_DK_Ballerup_Glass_Stairs_Lo-res-1024x679.jpg 1024w, https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2020\/12\/Headquarters_P0_DK_Ballerup_Glass_Stairs_Lo-res-300x199.jpg 300w, https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2020\/12\/Headquarters_P0_DK_Ballerup_Glass_Stairs_Lo-res-768x509.jpg 768w, https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2020\/12\/Headquarters_P0_DK_Ballerup_Glass_Stairs_Lo-res-1536x1018.jpg 1536w, https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2020\/12\/Headquarters_P0_DK_Ballerup_Glass_Stairs_Lo-res-2048x1357.jpg 2048w, https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2020\/12\/Headquarters_P0_DK_Ballerup_Glass_Stairs_Lo-res-960x636.jpg 960w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group alignfull is-style-pattern-leo-center has-secondary-olive-background-color has-background\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<div style=\"height:71px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h1 id=\"ownership-principles\" class=\"wp-block-heading\">Our engaged ownership is based on three main principles that guide our actions and behavior<\/h1>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h3 class=\"wp-block-heading\">Dedicated<\/h3>\n\n\n<div class=\"text-cols text-cols-columns-1 text-cols align\" data-block_b278b22fc843d084e95085ce21eca327>\n  <div class=\"acf-innerblocks-container\">\n\n<p class=\"wp-block-paragraph\">We apply a long-term strategic view to our shareholding in LEO Pharma and are committed to ensuring the successful development of the Company for generations to come.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>We believe stability and long-term growth form the basis for sustainable value creation, and we actively support and challenge the Company in pursuing this.<\/li>\n\n\n\n<li>We promote a robust and proactive approach to managing strategic risks and opportunities to support decision-making and reinforce the Company\u2019s ability to adapt and compete over time.<\/li>\n<\/ul>\n\n<\/div>\n<\/div>\n\n<style type=\"text\/css\">\n  [data-block_b278b22fc843d084e95085ce21eca327] p {\n    column-count: 1;\n    column-gap: 30px;\n  }\n<\/style>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h3 class=\"wp-block-heading\">Ambitious<\/h3>\n\n\n<div class=\"text-cols text-cols-columns-1 text-cols align\" data-block_b278b22fc843d084e95085ce21eca327>\n  <div class=\"acf-innerblocks-container\">\n\n<p class=\"wp-block-paragraph\">We set the bar high for LEO Pharma to generate long-term value for all its stakeholders and advance the standards of care for people around the world living with skin diseases.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>We work to ensure a strong focus on competitive operations and financial performance to attain the best possible return on investment for all shareholders.<\/li>\n\n\n\n<li>We encourage the Company to be at the forefront of scientific developments and drive continuous innovation.<\/li>\n<\/ul>\n\n<\/div>\n<\/div>\n\n<style type=\"text\/css\">\n  [data-block_b278b22fc843d084e95085ce21eca327] p {\n    column-count: 1;\n    column-gap: 30px;\n  }\n<\/style>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h3 class=\"wp-block-heading\">Responsible<\/h3>\n\n\n<div class=\"text-cols text-cols-columns-1 text-cols align\" data-block_b278b22fc843d084e95085ce21eca327>\n  <div class=\"acf-innerblocks-container\">\n\n<p class=\"wp-block-paragraph\">We want to make a lasting difference and consider sustainability and integrity prerequisites for LEO Pharma&#8217;s long-term success.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>We believe in value-based leadership and promote a culture of integrity, accountability and transparency.<\/li>\n\n\n\n<li>We promote good corporate governance and encourage sustainable business practices throughout the Company.<\/li>\n<\/ul>\n\n<\/div>\n<\/div>\n\n<style type=\"text\/css\">\n  [data-block_b278b22fc843d084e95085ce21eca327] p {\n    column-count: 1;\n    column-gap: 30px;\n  }\n<\/style>\n<\/div>\n<\/div>\n\n\n\n<div style=\"height:37px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2026\/06\/LEO-Foundation-Principles-for-engaged-ownership.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Read &#8216;LEO Foundation Principles for Engaged Ownership of LEO Pharma&#8217; as PDF<\/a><\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group alignfull is-style-pattern-leo-top-bottom has-primary-olive-background-color has-background\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<div style=\"height:13px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 id=\"How-we-carry-out-our-ownership\" class=\"wp-block-heading\">How we carry out our ownership<\/h2>\n\n\n\n<div style=\"height:80px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"text-cols text-cols-columns-1 text-cols align\" data-block_b278b22fc843d084e95085ce21eca327>\n  <div class=\"acf-innerblocks-container\">\n\n<p class=\"wp-block-paragraph\">The LEO Pharma Board of Directors sets the company&#8217;s strategic direction and supervises the management of the company, which is executed on a day-to-day basis by the leadership team. As the controlling shareholder of LEO Pharma, we want the company&#8217;s Board to collectively have the strategic and functional competencies and experience to best safeguard LEO Pharma&#8217;s interests and ensure sustainable value creation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The LEO Foundation directly nominates two members to the LEO Pharma Board, of which one is the LEO Foundation CEO and the other an ordinary member of the LEO Foundation Board of Trustees. The LEO Foundation CEO is represented in both the chairmanship of the LEO Pharma Board as Vice Chair and on the company\u2019s Remuneration &amp; Nomination Committee.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a matter of principle, the Chair of the LEO Pharma Board shall be independent of the LEO Foundation and may not be a current\/former chair or CEO of the Foundation. The Foundation may, in extraordinary circumstances, temporarily deviate from this principle for a maximum of 12 months (e.g. to allow for emergency succession).<\/p>\n\n<\/div>\n<\/div>\n\n<style type=\"text\/css\">\n  [data-block_b278b22fc843d084e95085ce21eca327] p {\n    column-count: 1;\n    column-gap: 30px;\n  }\n<\/style>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"text-cols text-cols-columns-1 text-cols align\" data-block_b278b22fc843d084e95085ce21eca327>\n  <div class=\"acf-innerblocks-container\">\n\n<p class=\"wp-block-paragraph\">Alongside the other members of the LEO Pharma Board, we engage actively with the company on a wide range of topics including strategy, financial and non-financial performance, risk management, people, culture, remuneration, sustainability, and corporate governance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Twice per year, following the public releases of LEO Pharma&#8217;s half-year and full year results, the company\u2019s leadership team meets with the Foundation Board to provide an update on performance and outlook. Further, the Chair and leadership team of LEO Pharma will annually present a strategy update to the Foundation Board.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Chair of the Foundation Board meets quarterly with the Chair of the LEO Pharma Board to facilitate engaged ownership, e.g. by liaising on company performance and strategy, board nominations, and Annual General Meeting matters.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n<\/div>\n<\/div>\n\n<style type=\"text\/css\">\n  [data-block_b278b22fc843d084e95085ce21eca327] p {\n    column-count: 1;\n    column-gap: 30px;\n  }\n<\/style>\n<\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group alignfull is-style-pattern-leo-top-bottom has-primary-snow-background-color has-background\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<div style=\"height:45px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 id=\"leo-pharma\" class=\"wp-block-heading\">LEO Pharma A\/S<\/h2>\n\n\n\n<div style=\"height:80px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"text-cols text-cols-columns-1 text-cols align\" data-block_b278b22fc843d084e95085ce21eca327>\n  <div class=\"acf-innerblocks-container\">\n\n<p class=\"wp-block-paragraph\">The company is a leader in medical dermatology with a robust R&amp;D pipeline, a wide range of therapies and a pioneering spirit. Founded in 1908, LEO Pharma has devoted decades of research and development to advance the science of dermatology, setting new standards of care for people with skin conditions.<\/p>\n\n<\/div>\n<\/div>\n\n<style type=\"text\/css\">\n  [data-block_b278b22fc843d084e95085ce21eca327] p {\n    column-count: 1;\n    column-gap: 30px;\n  }\n<\/style>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2021\/06\/Headquarters_NeonLogo_DK_Ballerup_Evening_close-up_cropped-1024x682.jpg\" alt=\"\" class=\"wp-image-4354\" srcset=\"https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2021\/06\/Headquarters_NeonLogo_DK_Ballerup_Evening_close-up_cropped-1024x682.jpg 1024w, https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2021\/06\/Headquarters_NeonLogo_DK_Ballerup_Evening_close-up_cropped-300x200.jpg 300w, https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2021\/06\/Headquarters_NeonLogo_DK_Ballerup_Evening_close-up_cropped-768x512.jpg 768w, https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2021\/06\/Headquarters_NeonLogo_DK_Ballerup_Evening_close-up_cropped-1536x1024.jpg 1536w, https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2021\/06\/Headquarters_NeonLogo_DK_Ballerup_Evening_close-up_cropped-2048x1365.jpg 2048w, https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2021\/06\/Headquarters_NeonLogo_DK_Ballerup_Evening_close-up_cropped-960x640.jpg 960w, https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2021\/06\/Headquarters_NeonLogo_DK_Ballerup_Evening_close-up_cropped-480x320.jpg 480w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">LEO Pharma headquarters<\/figcaption><\/figure>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-fill\"><a class=\"wp-block-button__link has-primary-coal-color has-primary-peach-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/leo-foundation.org\/en\/publications\/\" target=\"_blank\" rel=\"# noopener\">Visit LEO Pharma<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group alignfull is-style-pattern-leo-top-bottom has-primary-olive-background-color has-background\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<div style=\"height:24px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 id=\"leo-group\" class=\"wp-block-heading\">The LEO Group<\/h2>\n\n\n\n<div style=\"height:80px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"text-cols text-cols-columns-1 text-cols align\" data-block_b278b22fc843d084e95085ce21eca327>\n  <div class=\"acf-innerblocks-container\">\n\n<p class=\"wp-block-paragraph\">The LEO Group consists of the LEO Foundation, LEO Holding A\/S and LEO Pharma A\/S, including its Danish and international subsidiaries (collectively LEO Pharma Group).<\/p>\n\n<\/div>\n<\/div>\n\n<style type=\"text\/css\">\n  [data-block_b278b22fc843d084e95085ce21eca327] p {\n    column-count: 1;\n    column-gap: 30px;\n  }\n<\/style>\n\n\n\n<div style=\"height:38px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"522\" height=\"520\" src=\"https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/Figur-LEO-Group-engelsk.png\" alt=\"\" class=\"wp-image-14358\" style=\"aspect-ratio:1.0038735593706662\" srcset=\"https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/Figur-LEO-Group-engelsk.png 522w, https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/Figur-LEO-Group-engelsk-300x300.png 300w, https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/Figur-LEO-Group-engelsk-150x150.png 150w, https:\/\/leo-foundation.org\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/Figur-LEO-Group-engelsk-320x320.png 320w\" sizes=\"auto, (max-width: 522px) 100vw, 522px\" \/><\/figure>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"text-cols text-cols-columns-1 text-cols align\" data-block_b278b22fc843d084e95085ce21eca327>\n  <div class=\"acf-innerblocks-container\">\n\n<p class=\"wp-block-paragraph\">LEO Pharma is a privately owned company, and the LEO Foundation (via LEO Holding A\/S) owns around 80% of the shares and voting rights in LEO Pharma. The remaining shares are owned by <a href=\"https:\/\/www.nordiccapital.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Nordic Capital<\/a>, an active and experienced private equity investor in healthcare globally.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The LEO Foundation is the controlling shareholder of LEO Pharma through ownership of both A and B-shares.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The LEO Foundation has established a wholly owned subsidiary, LEO Holding A\/S, to manage the Foundation\u2019s investment activities, including the ownership of LEO Pharma. LEO Holding is governed by the same Board and Executive Management as the LEO Foundation, and all references to the LEO Foundation in this document include LEO Holding.<\/p>\n\n<\/div>\n<\/div>\n\n<style type=\"text\/css\">\n  [data-block_b278b22fc843d084e95085ce21eca327] p {\n    column-count: 1;\n    column-gap: 30px;\n  }\n<\/style>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Engaged ownership Our engaged ownership is based on three main principles that guide our actions and behavior Dedicated Ambitious Responsible Read &#8216;LEO Foundation Principles for Engaged Ownership of LEO Pharma&#8217; as PDF How we carry out our ownership LEO Pharma A\/S The LEO Group<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-168","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ownership - LEO Foundation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leo-foundation.org\/en\/ownership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ownership - LEO Foundation\" \/>\n<meta property=\"og:description\" content=\"Engaged ownership Our engaged ownership is based on three main principles that guide our actions and behavior Dedicated Ambitious Responsible Read &#8216;LEO Foundation Principles for Engaged Ownership of LEO Pharma&#8217; 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