The objective of Corporate Governance is efficient and transparent management and effective control of the company. The Board of Directors believes that clear agreements regarding sound management contribute to value creation in the long-term and ensure a workable balance between entrepreneurship and regulation.
Since its listing on the Brussels Stock Exchange in November 1986, Ter Beke, as one of the smaller listed companies, pursues an active policy on good governance. Even in 1978, the family directors of Ter Beke invited non-executive, independent entrepreneurs to help and coach them.
This administrative structure ensures the development of the business strategy and exercises proper control on this.
Ter Beke is a founding member of GUBERNA (Belgian institute of directors), which wishes to develop a Corporate Governance model based on thorough research and founded on the cultural individuality and the specific needs of a company.
Ter Beke conforms to the legal provisions on corporate governance, as set out in the Belgian Company Code and other specific laws. The Corporate Governance Charter describes the practices of corporate governance which we apply in addition to the Corporate Governance Code 2009.