The Belgian Code on Corporate Governance, 2009

Europe Current 2009

The Code applies to all listed companies in Belgium (“comply or explain”), but also acts as a broader framework on good governance. The board is required to take necessary measures to ensure the integrity and timely disclosure of the company’s financial statements and other material financial and non-financial information disclosed to current and potential shareholders (par 1.3). Principle 9 requires the company to ensure adequate disclosure of its corporate governance, including a GC statement in the Annual Report that covers key events and a remuneration report.

Scope

Governance

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

All listed companies

Issuer type

Belgian Corporate Governance Committee

Type of instrument

Code of conduct or guideline

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

Project Partners