FSMA publishes follow-up study on the respect of the Code 2009
The FSMA recently published their follow-up study on the compliance of the Code 2009 of listed companies.
"Belgian companies improve scores on Corporate Governance" says the FSMA. Belgian listed companies are much more compliant with the Code on Corporate Governance now than a year ago, according to their study of September 2011.
The study sets out four aspects of the Code 2009: the reference to the Corporate Governance Code, the internal control and risk management systems, the evaluatio of the board of directors and the remuneration report.
"The FSMA is delighted by the considerable progress in compliance with and application of the Corporate Governance Code. We are convinced that our action in conjuction with our previous study contributed significantly to this progress. At the end of 2010, each company was sent an overview of its individual performance, with the intention that it take this into consideration when preparing its corporate governance statement for 2010, and the results are very positive", notes the chairman of the FSMA, Jean-Paul Servais.
The full report (French version) The full report (Dutch version) The press release of the FSMA (Dutch version) The press release of the FSMA (French version)