Board of Directors

The Board of Directors is the governing body of Wereldhave Belgium.
It defines the company’s strategic direction and ensures a sustainable policy aimed at creating long-term value.

The Board supervises the day-to-day management carried out by the Effective Leaders, as well as the overall operations of the company and its subsidiaries. It reviews the company’s risk management and internal control systems through regular and thorough evaluations.

The Board of Directors has both a supervisory and advisory role.
It acts collegially, in the interest of the company, its shareholders and other stakeholders, while remaining independent from any particular interests.

The Board consists of at least four members.

• One or more directors, up to a maximum of half of the total number, may also serve as executive directors and therefore hold operational responsibilities within the company.
• At least three directors qualify as independent within the meaning of Article 7:87, §1 of the Belgian Code on Companies and Associations and Annex A of the Belgian Corporate Governance Code.

The Chief Executive Officer (CEO), who also serves as Managing Director, and the Deputy Chief Executive Officer (Deputy CEO) have been designated as the Effective Leaders within the meaning of the RREC-Law. Together, they form the Executive Management, responsible for the company’s day-to-day management, supported by the management team. The CEO may not serve as Chair of the Board of Directors.

The Board of Directors has chosen not to establish an executive committee within the meaning of the Belgian Code on Companies and Associations.