Finat welcomes new board of European label members

At Finat’s general assembly on May 31 in Vienna, the new board of the European label industry association was installed. The election coincides with Finat’s transition to a new governance structure that aligns with Finat’s ‘4 Pillar’ strategy. 

In three steps, the board of Finat will be expanded from 15 to 25 members to enable a broader representation of the membership across the value chain. Within the board, the number of executive board members has also been increased from six to eight, of which four seats are now reserved for the chairs of the new, workstream-based committee structure. 

Each workstream now reflects one of the four pillars of Finat’s strategy: 

1. Community: responsible for all Finat internal and external communications and platforms, also supporting other workstreams in their communications. 

2. Knowledge: responsible for creating and co-ordinating knowledge for the Finat membership so all members get easy answers to their questions. 

3. Collaboration: driving Finat-led projects together with external parties and internal stakeholders to strengthen the position of the label industry. 

4. Advocacy: representing the label industry by monitoring and influencing developments in regulations and guidelines impacting the interests of the industry. 

Each of the four workstreams includes a number of permanent working groups to manage the on-going programs, and temporary taskforces to develop new ones.