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The 2009 Belgian Code on Corporate Governance

Belgium Current 2009

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).

Issuer name

Corporate Governance Committee

Issuer notes

The 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 information

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

Comply or explain


Organizations covered by the instrument

Large private and listed companies

Industry scope

All/none specified

Disclosure venue

annual report

ESG coverage- S (Social)

Employment Conditions, Policies and Practices, Social Impacts & Value Creation

ESG coverage- G (Governance)

Structure & Leadership, Remuneration, Ethics & Integrity







Date of publication


Issuer type

Industry bodies, business associations

Reporting requirements

Codes, guidance, and questionnaires

Mandatory or voluntary


The geographical scope


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