The Code applies to all listed companies in Belgium, but also acts as a broader framework on good governance, it emphasizes the need of timely disclosures (including NFI).
Corporate Governance Committee
Issuer notesThe Corporate Governance Committee is a private foundation created on the initiative of the Banking, Finance and Insurance Commission (FSMA), the Federation of Enterprises in Belgium (FEB) and Euronext Brussels
More informationThe 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
Comply or explainTrue
Organizations covered by the instrumentLarge private and listed companies
Industry scopeAll/none specified
Disclosure venueannual report
ESG coverage- S (Social)Employment Conditions, Policies and Practices, Social Impacts & Value Creation
ESG coverage- G (Governance)Structure & Leadership, Remuneration, Ethics & Integrity
Current
CountryBelgium
RegionEurope
Date of publication2009
Issuer typeIndustry bodies, business associations
Reporting requirementsCodes, guidance, and questionnaires
Mandatory or voluntaryMandatory
The geographical scopeNational/federal