Centre Listed Companies

GUBERNA has always had a specific focus on corporate governance in listed companies. Together with our partners EY and VBO/FEB, GUBERNA strives to identify relevant national and international developments in corporate governance and company law. In addition, we regularly carry out research and organise activities for listed companies.

Further, GUBERNA is a member of the Belgian Commission for Corporate Governance, and ecoDa (European Confederation of Directors' Associations), which gives us a unique position. Read more about GUBERNA International. In this way, GUBERNA is involved in all relevant Belgian and European corporate governance developments which allows us to let our voice be heard, in Belgium and on a European level.

What we offer you

GUBERNA organises different activities for listed companies. With workgroups, round tables and other events, we dive into and debate on several relevant themes with listed companies. On a yearly basis we organize the Day of Listed Companies where we zoom in on different innovations and new challenges for listed companies, not just from a legal standpoint, but also broader: economic, social, etc. In addition, GUBERNA has initiated an audit committee exclusively for members. The Audit Committee Forum is a platform to share experiences related to the Audit Committee. Best practices and sharing concrete tips and tricks are the main focus in order to increase awareness and the ability to effectively implement and increase audit committee processes.

Questions or a tailor-made offer? Please contact us!

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Research and Development

GUBERNA regularly carries out research about governance practices for listed companies. In the first place, this research is carried out based on public information (formal compliance). On top of this, we pride ourselves in researching more qualitative corporate governance practices in listed companies. Reference publications include the biennial monitoring study on the Belgian Corporate Governance Code and an update on remuneration practices in Belgian listed companies.

Of course, international studies focused on corporated governance are also followed intensely by our experts in order to ensure that we stay up to date on the develops in our neighboring countries. GUBERNA not only observes on the sidelines but plays an active role in national and international debates and discussions based on a strong repertoire of experience and knowledge.

Study on the remuneration of non-executive directors in Belgian listed companies

The idea that board members should be remunerated has even been enshrined in the new Code on Companies and Associations, for all types of companies, listed or not. However, it is not easy for companies, even listed ones, to determine the fair remuneration of their directors.

Veerkracht als attitude in uitdagende tijden?

Resilience as an attitude in challenging times?

Multiple voting rights and governance : a guide for boards of directors and shareholders

Compliance with the 2020 Belgian Code on Corporate Governance (financial year 2020)

Infographic - Governance practices in Belgian listed companies - December 2020

Yearly Day of Listed Companies 2021 - is ESG the new face of activism?

Mapping the state of affairs of non-financial reporting of Belgian Listed Companies

Infographic - Governance practices in Belgian listed companies - December 2019

Determinanten van de vergoeding van de niet-uitvoerende bestuurders in Belgische beursgenoteerde ondernemingen

Study on directors’ duties and sustainable corporate governance: a summary

Time for sustainability to be at the heart of business

An efficient and secure digital board of directors

Sandra Gobert on diversity in the BEL 20

Governing Director and Executive Rewards in Uncertain Times

On 29 June 2020, GUBERNA and Deloitte Directors Net organised a joint webinar on the topic “Governing Director and Executive Rewards in Uncertain Times”. This live session was the occasion to reflect on the adaptations to the remuneration policy of directors and executives in the context of the COVID-19 pandemic.

Explanatory note: the SRD II-guideline and its conversion into Belgian law

How governing boards address the digital challenge (or not)?

Cyber-Risk Oversight

The ISA’s cyber-risk handbooks are an attempt to provide Board members with a simple and coherent framework to understand cyber risk, as well as a series of straight-forward questions for Boards to ask management to assure that their organisation is properly addressing its unique cyber-risk posture.

Urgenda: how urgently should climate change be put on the agenda of the board?

On our first digital member forum onthe 21st of April we will reflect upon the impact of the Urgenda legal case on the accountability of companies. But what/who is Urgenda? Why is a court ruling on climate change against the Dutch government significant for Belgian companies? Which lessons can a board of directors take away from this case? And what will be the impact of the current COVID-19 crisis on the climate debate?