The Belgian Code on Corporate Governance, 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