Board of Directors
The Board of Directors is the company’s supreme decision-making body in all matters that have not been expressly reserved by company law or the articles of association to the General Meeting of Shareholders. The main responsibilities of the Board of Directors relate to giving strategic direction to the company and the supervision of the state of affairs.
The Board of Directors comprises at least five Directors. At least three of them have to be independent. Directors are appointed by the General Meeting of Shareholders for a period of maximum four years and can be dismissed by the General Meeting of Shareholders at any given time. There is no age limit for Directors and Directors whose mandate is expiring can be reappointed.
The board is chaired by Roland Duchâtelet. The Board of Directors delegates the daily management of the company to the Chief Executive Officer who is assisted by the Executive Management. For actions outside the scope of the daily management, the Company is validly represented by two directors acting jointly.
The board is assisted by two Committees: the Audit Committee and the Nomination and Remuneration Committee.