Remuneration Committee
Due to the size of the company, the Board of Directors has combined the nomination committee and the remuneration committee. The combined committee is referred to as the ‘remuneration committee’.
Composition
Name Office expires
Wimel BVBA, representend by Wim Deblauwe 2010
Peter Op de Beeck 2010
Michel Van den Broeck 2010
* The term of office of the members of the Board of Directors expires immediately after the General Shareholders’ Meeting of the year indicated next to the name of each director.
The powers of the remuneration committee
The remuneration committee of the company consists of at least three members, all of which are non-executive directors and the majority of which are independent directors.
The remuneration committee is responsible for the selection of suitable candidates for the appointment to the board and may make recommendations to the Board of Directors with regards to the appointment of directors and the members of the executive management.
The remuneration committee also makes recommendations to the Board of Directors on the remuneration policy of the company and the remuneration of board members and the members of the executive management.