remuneration

Explanatory note regarding the remuneration of non-executive directors and members of the executive management

Principle 7 of the 2020 Belgian Code on Corporate Governance contains a number of provisions regarding the remuneration of non-executive directors and members of the executive management. The Corporate Governance Committee comments on these provisions in this note. These should be read in conjunction…

Explanatory note on the remuneration report

The Code of Companies and Associations (WVV/CSA) imposes on listed companies the obligation to draw up a remuneration report. Article 3:6, §3 of the WVV/CSA, as amended by the Act of 28 April 2020 transposing Directive (EU) 2017/828 of the European Parliament and of the Council of 17 May 2017…

Remuneration reporting

The law of 6 April 2010 obliges listed companies to set up a remuneration report and describes the elements that should be taken up in this report. This replaces essentially Principle 7 of the Belgian Code on Corporate Governance 2009 regarding the remuneration.An important…

Law on share-based remuneration of non-executive directors

The law modifying the Belgian Code on Companies for share-based remuneration of non-executive directors has been published.

This law modifies art. 559, alinea 7 of the Code on Companies and extends the article to non-executive directors instead of independent directors.

Publication of a study by Vlerick Business School on best practices regarding the remuneration report

In addition to the explanatory note on the remuneration report published in November 2020 by the Corporate Governance Committee, listed companies can draw inspiration from the study "Executive Remuneration Reporting in Europe: Getting inspired by business practice" by Professor…