2009 Code
2009 Belgian Code on Corporate Governance
The 2009 Belgian Code on Corporate Governance ("Code 2009") applies to companies incorporated in Belgium whose shares are admitted to trading on a regulated market ('listed companies'). However, given its flexibility, the 2009 Code could also serve as a reference framework for all…
Legal recognition of the 2009 Code
The Royal Decree of 6 Juin 2010 designating the reference code is abolished by the Royal Decree of 12 May 2019 designating the reference code. Click here for the transitional arrangement
Evaluation of the 2009 Code
The first publication of the Code dates from 2004. This version has been reviewed in detail and has resulted in the 2009 Code. Since, the Committee has done numerous efforts to invest further in good governance. Different explanatory notes have been developed with the aim of helping the listed…
How does your Board of Directors cope with the 'Comply or Explain' principle ?
On 30 November 2015, GUBERNA, FEB and EY organized an expert working group around the 'comply or explain' principle.In this working group, three concrete themes were discussed, namely: The application of the 'comply or explain' principle in general; The process that occurs…
Recognition of the compliance studies of GUBERNA and FEB
On 9 April 2014, the European Commission published a recommendation on the quality of corporate governance reporting ('comply or explain'). This recommendation is designed to motivate companies to comply with the relevant corporate governance code or to better explain departures from it.…