Back to overview

The 2020 Belgian Code on Corporate Governance

}

Summary

This is the third Belgian Code on Corporate Governance, which replaces the versions previously published in 2004 and 2009. The 2020 Code was necessary because of significant changes in the Belgian and European regulatory framework, as well as changes in societal and academic debates on the sound management of listed companies. The new Code emphasizes sustainable value creation and focuses on the long term. It provides guidance on diversity, talent development, and succession planning. The 2020 Code is based on principles rather than on detailed guidelines and rules, and compliance with its provisions is subject to the 'comply or explain' principle. The article concludes by stating that governance is about people, and the new 2020 Code provides a basis for anyone involved in governance to create a sustainable future for their organization.

Thumbnail image for This is the third Belgian Code on Corporate Governance, which replaces the versions previously published in 2004 and 2009. The 2020 Code was necessary because of significant changes in the Belgian and European regulatory framework, as well as changes in societal and academic debates on the sound management of listed companies. The new Code emphasizes sustainable value creation and focuses on the long term. It provides guidance on diversity, talent development, and succession planning. The 2020 Code is based on principles rather than on detailed guidelines and rules, and compliance with its provisions is subject to the 'comply or explain' principle. The article concludes by stating that governance is about people, and the new 2020 Code provides a basis for anyone involved in governance to create a sustainable future for their organization.
Issuer

Belgium

Year

2020

Region

Europe

Issuer (type)

Corporate Governance Committee (Industry)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory


Main industries targeted
  • Finance & Insurance
  • Public administration
  • Information
  • Professional, Scientific, & Technical Services
Restrictiveness

Moderate

Sustainable Development Goals (SDGs)
  • SDG 5: Gender Equality

We have sent you the download link, please check your inbox.

Download again

Something went wrong when trying to download this file.

Try again