Corporate Governance
The Board of Directors and the management of Indaver attach great importance to the principles of corporate governance and want to make their corporate governance system transparent and accessible to the company’s shareholders and other stakeholders.
As a company that is not listed on the stock exchange, Indaver has no formal obligation to comply with any corporate governance code. However, Indaver supports the principles set forth in the Belgian Corporate Governance Code for companies listed on the stock exchange and utilises them as a framework for the further development of the phases and structure of its own governance model. The company continuously strives to expand and improve its corporate governance system, so as to allow it to meet the expectations of its shareholders and other stakeholders and keep pace with developments in Belgium and abroad.
Indaver will update the content of its corporate governance system in response to its new shareholder structure.
Indaver uses its website and sustainability report, among other things, to keep both shareholders and stakeholders up to date on its corporate governance system.
Corporate Governance Charter
The Corporate Governance Charter describes the composition and sphere of action of the board of directors. The charter also contains information on:
- Indaver shares,
- way(s) of transferring shares,
- the possibility of purchasing own shares,
- the dividend policy
Expert Committees
The Board of Directors set up two expert committees to assist it with its tasks and to facilitate compliance with the corporate governance system:
- the Audit Committee
- the Human Resources Committee
The role, composition and procedures of each committee have been defined in Committee Charters that were approved by the Board of Directors. The Board always takes the final decision.
Management
The Board of Directors appoints Indaver’s management . The Board of Directors determines the responsibilities, areas of competence and obligations of the management. A simplified proxy system, with a restriction on the number of proxy holders and the possibilities of further delegation, has been published in the Belgian Official Gazette.
Board of Directors
Chairman
Peter Boerma, Chief Executive Officer DELTA nv
Vice-chairman
Jaap Rieter, Chief Operational Officer DELTA nv
Directors
Guy De Clercq, Managing Partner, Verbaere, De Clercq & Partners
Paul Vanfrachem, Company Director, P&E Management sprl
Achiel Ossaer, Company Director, OVAL bvba
Yvan Dupon, Company Director, Yvan Dupont Consult bvba
Roland Van Dierdonck, Professor at Vlerick Ghent Management School
Wilhelmien van Montfrans – Hartman, Director
Frank Verhagen, Chief Financial Officer DELTA nv
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