Corporate governance charter
Corporate governance charter
Barco's corporate governance charter incorporates and supplements the corporate governance terms set forth in the Belgian Code of companies and associations and the Articles of Association of Barco NV. Moreover, the corporate governance statement in the annual report describes the major developments in this area over the past year.
Should you have questions or comments about Barco's corporate governance approach, do not hesitate to contact the Compliance Officer.
Latest update: May 6, 2020
Corporate governance compliance
In accordance with article 3:6, §2 of the Code of Companies and Assocations, Barco applies the 2020 Belgian Code on Corporate Governance . This code can be downloaded via the link
www.corporategovernancecommittee.be/en/home/.
Below is an overview of the articles of the Belgian Code on Corporate Governance which Barco does not comply with, as well as an explanation for such non-compliance.
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Art.7.6 |
The Board of Directors decided not to grant shares to non-executive board members as part of their remuneration. Such grant will trigger tax and practical ramifications for non-Belgian residents. Moreover, several directors already hold a significant number of Barco shares. |
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Art. 7.8 |
The variable part of the executive remuneration package is linked to the overall corporate and business unit performance and sustainability criteria, which have become increasingly important for investors. Both are a function of, and thus also a measure for, the executives’ individual performance. |
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Art. 7.9 |
The Board of Directors has not set a minimum threshold of shares to be held by the executives. The remuneration package for executives is sufficiently balanced with various components to incentivize executives to pursue a strategy of sustainable profitable growth. |
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Art. 7.12 |
The Board of Directors endeavors to insert a ‘clawback provision’ in contracts of employment with executives to the extent permissible by the law governing such contract. |
Get in touch
Barco company address
Beneluxpark 21
BE-8500 Kortrijk, BelgiumTel: +32 56 23 32 11
Barco registered office
Pres.Kennedypark 35
BE-8500 Kortrijk, BelgiumTel: +32 56 23 32 11