Decision-making entities

Management Company

The company is managed by Wereldhave Belgium SA that acts as sole statutory Management Company. Wereldhave Belgium SA is a wholly-owned subsidiary of Wereldhave N.V., Nassaulaan 23, The Hague, the Netherlands. The statutory management company is empowered to perform all actions deemed useful or necessary to fulfil the purpose of the sicafi except in matters which by law fall under the strict purview of the General Assembly of Shareholders.

The Management Company is managed by the Board of Directors, which comprises a minimum of four individuals.

The annual remuneration of the Management Company is fixed at € 95,000.

Board of Directors

The Board of Directors of the Management Company, Wereldhave Belgium SA, is composed of a minimum of four members. One is an Executive Board member of Wereldhave N.V. and three have the legal position of Independent Director. Mr. Benoit Graulich and Mr. Bernard De Corte no longer qualify as independent directors as they reached the end of their maximum legislative period (Belgian Company Code, art. 526 ter). The extraordinary meeting of shareholders of the Management Company of April 1, 2011 appointed following directors, who qualify as independent, for a period of 4 years:
Mr. Dirk Goeminne
Mr. Jacques de Smet
Mr. Philippe Naert
These nominations were submitted to the FSMA for approval. In accordance with the Corporate Governance Charter, the independent directors watch, in particular, over the interest of all shareholders. Mr. Dirk Goeminne is appointed Chairman of the Board of Directors of the Management Company as of May 10, 2011, replacing Mr. Benoit Graulich. The directorship of Mr. Bernard De Corte ended on May 10, 2011 and that of Mr. Benoit Graulich on October 31, 2011. For more information on the composition, meetings and activities of the Board of Directors in 2011, the company refers to the chapter “Corporate Governance”.

Changes in the composition of the Board of Directors

Benoit Graulich
Chairman Board of Directors (until May 10, 2011)
Independent Director (end of mandate October 31, 2011)

J. (Hans) Pars
Managing Director
Director Wereldhave Management Holding B.V. from 2009
Director and chairman of the Board of Management of Wereldhave N.V. from 2009

Bernard De Corte
Independent Director (end of mandate May 10, 2011)

Dirk Goeminne
Chairman Board of Directors (as of May 10, 2011)
Independent Director (as of April 1, 2011)

Jacques de Smet
Independent Director (as of April 1, 2011)

Philippe Naert
Independent Director (as of April 1, 2011)

Executive management

Mr. Luc Plasman, former manager at ING RED Belgium, was appointed general manager of the sicafi as of January 1, 2011. For more detailed information about the composition of the executive management in 2011, the company refers to the chapter “Corporate Governance”.