Knowledge Centre

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.

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.

Vorig jaar deze tijd bevonden de intercommunales zich in het oog van de storm. Zeer grote raden van bestuur, een ondoorzichtige kluwen aan participaties en enkele schandalen rond vergoeding zorgden voor een hevig debat. Biedt het nieuwe Decreet Lokaal Bestuur een antwoord op dit debat? Dat zal de toekomst moeten uitwijzen, maar het staat vast dat het Decreet de intercommunales uitdaagt op vlak van ‘goed bestuur’. GUBERNA licht er enkele uitdagingen uit.

GUBERNA (Belgian Governance and Director’s Institute) brings out this research on the remuneration of non-executive directors to provide an overview of the package and level of director remuneration in listed companies. 

In response to the financial crisis, the Commission committed itself in its March 2009 Communication on "Driving European Recovery" to improving corporate governance in financial institutions. The Commission wanted to ensure that the interests of consumers and other stakeholders are better taken into account, businesses are managed in a more sustainable way and bankruptcy risks are reduced in the longer term.

In light of the European Recommendation on Remuneration of Directors of companies, listed on European exchanges (C(2009)3177), Member States have to respond by the end of 2009 on their compliance with this recommendation