The Sioen Industries Group has the following working committees:
The Board of Directors is the highest management body of the company vested with all powers that are not reserved, by law or by the by-laws, to the shareholders meeting. The Board has delegated certain powers to an Executive Committee ( a management committee as defined by Belgian law).
As required in the new Code of Companies and Associations the company will opt for the Monistic system. As such the responsibilities of the Board will remain unchanged.
The Board has exclusive responsibility for:
Besides the regular items, the strategic development of the company is regularly discussed and guidance is provided to the R&D projects. The Board also deals with specific items in terms of concrete issues and current events such as the new “Market abuse regime”.
The Board will delegate certain powers to an Executive Committee, as the "Management Committee" as was defined under Belgian law will cease to exist.
The Audit Committee assists the Board in discharging its responsibilities for monitoring control in the broadest sense.
This includes the following tasks:
The Remuneration and Nomination Committee advises the Board on the following items:
The Board of Directors presents the above mentioned items, enclosed in the remuneration report, to the General Meeting.
The Committee discussed, amongst others, the functioning of the members of the Management Committee, the principles and parameters of the variable part of the remuneration, performed benchmarks as to the remunerations of the members of the Management Committee and Board of Directors and formulates proposals to the Board of Directors.
The members of the Management Committee (per 31 December 2019):
Secretary: Mr. Robrecht Maesen
SA: Statutory auditor
|Board of Directors||Audit Committee||Remuneration & Nomination Committee|
|Mr. M. Delbaere||C||C|
|Mrs. M. Sioen (permanent representative of M.J.S. Consulting BVBA)||M|
|Mrs. J.N. Sioen-Zoete †||M|
|Mrs. D. Sioen (permanent representative of D-Lance BVBA)||M|
|Mrs. P. Sioen (permanent representative of P. Company BVBA)||M|
|Mr. J. Noten (permanent representative of Lemon Comm. V.)||M||M||M|
|Mr. P. Macharis||M|
|Mr. D. Meeus (permanent representative of Dirk Meeus BVBA)||M||M||M|
|Mr. G. Asselman (permanent representative of Asceca Consulting BVBA)||S|
|Deloitte Bedrijfsrevisoren CVBA||SA|