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Review of Annual Reports 2010 of Euronext Brussels Listed Companies 2 Grant Thornton Corporate Governance Review
Corporate Governance Review Review of Annual Reports 2010 of Euronext Brussels listed companies 2 Grant Thornton Corporate Governance Review Contents Contents 3 Foreword 5 Executive summary 7 PART I - Legally binding provisions 11 1. Corporate Governance Statement 12 2. Remuneration committee 17 3. Remuneration report 19 4. Audit committee – Legal requirements 22 PART II - Results corporate governance code 25 5. Board of directors 26 6. Independence 28 7. Nomination committee 30 8. Audit committee – Code requirements 32 Appendix A - Survey methodology 37 Appendix B - List of companies 39 3 4 Grant Thornton Corporate Governance Review Foreword We are pleased to present the Another key factor in the corporate governance debate is the interest of the European Commission second annual publication in Grant and the impact this will have on corporate governance Thornton’s series of reviews of the legislation. The European Commission released a corporate governance disclosures consultation paper on an EU corporate governance of Belgian companies quoted on framework and is seeking submissions from interested parties. We may, therefore, see a single EU-wide the Euronext stock exchange. The corporate governance framework in the not so distant review examines the extent to which future. companies comply with regulatory Corporate governance is fundamentally about requirements. ensuring that key stakeholders, including the public, can have confidence in how business is conducted and This year’s report arrives at a time of turmoil for results are disclosed by public interest entities such Belgian listed companies. While the Belgian banking as listed companies, financial institutions and public sector was struggling for survival and stock markets sector organisations. -
Elia Group Full Year 2020 Results
Elia Group Full Year 2020 Results Wednesday, 3rd March 2021 Transcript produced by Global Lingo London – 020 7870 7100 www.global-lingo.com Elia Group Full Year 2020 Results Wednesday, 3rd March 2021 Elia Group Full Year 2020 Results Marleen Vanhecke: Good morning, ladies and gentlemen. Thank you for participating in our livestreamed event, which is being broadcast from a corona-proof studio in Brussels. It would have been nicer to meet you in person, of course, but the lockdown measures have forced us to present our full year results in another format. The setup is different, but we will keep you just as informed as we normally would. What hasn't changed are today's speakers. Elia Group is represented by Catherine Vandenborre, CFO, and by Chris Peeters, CEO, both in good health, as you can see. Today's programme is as follows. First, we will give you an overview of the headlines from 2020. We will talk with Chris Peeters about the acceleration of the energy transition and how Elia Group is managing it. Catherine Vandenborre will then present the financial results. And finally, we will present our conclusion and an outlook on the years to come. Before we start, I would like to present a disclaimer for today's presentation as mentioned on the title page. You must read the disclaimer before we can continue. I suppose you have all done it by now. Am I right? So let's immediately go to the first question for Chris. Marleen Vanhecke: Chris, looking back at 2020, it's impossible to avoid the corona crisis, of course. -
Euro Stoxx® Multi Premia Index
EURO STOXX® MULTI PREMIA INDEX Components1 Company Supersector Country Weight (%) SARTORIUS STEDIM BIOTECH Health Care France 1.59 IMCD Chemicals Netherlands 1.25 VOPAK Industrial Goods & Services Netherlands 1.15 BIOMERIEUX Health Care France 1.04 REMY COINTREAU Food, Beverage & Tobacco France 1.03 EURONEXT Financial Services France 1.00 HERMES INTERNATIONAL Consumer Products & Services France 0.94 SUEZ ENVIRONNEMENT Utilities France 0.94 BRENNTAG Chemicals Germany 0.93 ENAGAS Energy Spain 0.90 ILIAD Telecommunications France 0.89 DEUTSCHE POST Industrial Goods & Services Germany 0.88 FUCHS PETROLUB PREF Chemicals Germany 0.88 SEB Consumer Products & Services France 0.87 SIGNIFY Construction & Materials Netherlands 0.86 CARL ZEISS MEDITEC Health Care Germany 0.80 SOFINA Financial Services Belgium 0.80 EUROFINS SCIENTIFIC Health Care France 0.80 RATIONAL Industrial Goods & Services Germany 0.80 AALBERTS Industrial Goods & Services Netherlands 0.74 KINGSPAN GRP Construction & Materials Ireland 0.73 GERRESHEIMER Health Care Germany 0.72 GLANBIA Food, Beverage & Tobacco Ireland 0.71 PUBLICIS GRP Media France 0.70 UNITED INTERNET Technology Germany 0.70 L'OREAL Consumer Products & Services France 0.70 KPN Telecommunications Netherlands 0.68 SARTORIUS PREF. Health Care Germany 0.68 BMW Automobiles & Parts Germany 0.68 VISCOFAN Food, Beverage & Tobacco Spain 0.67 SAINT GOBAIN Construction & Materials France 0.67 CORBION Food, Beverage & Tobacco Netherlands 0.66 DAIMLER Automobiles & Parts Germany 0.66 PROSIEBENSAT.1 MEDIA Media Germany 0.65 -
Colruyt Group Increases Stake in Holding That Includes Fashion Retailer ZEB
PRESS RELEASE - Halle (Belgium) – 3 September 2020 (17h45 CET) Colruyt Group increases stake in holding that includes fashion retailer ZEB On 3 September 2020 Colruyt Group increased its stake in Fraluc Group from 68% to over 96%. Fraluc is the holding that includes the fashion retail chains ZEB, PointCarré, The Fashion Store and ZEB For Stars. The management teams of the respective companies remain unchanged. On 21 June 2014 Colruyt Group acquired a 50% stake in the Belgian fashion retailer ZEB through the company Fraluc NV. As part of the agreement, the management agreed to grant put and call options, enabling Colruyt Group to gain control over ZEB via Fraluc NV. In the meantime, ZEB has continued to develop within the Fraluc Group, which also comprises PointCarré, The Fashion Store and ZEB For Stars. At the end of the financial year 2019/20, Colruyt Group held 68% of the Fraluc Group shares. On 3 September 2020, Colruyt Group and Fraluc Group's management entered into an agreement to increase Colruyt Group's stake in Fraluc Group to over 96%. The management remains on board in its current composition. The parties agreed not to disclose any details on the terms of the transaction. The transaction is subject to approval by the Belgian Competition Authority (BCA), which is expected to be obtained in the coming weeks. Following approval by the BCA, the stake held in Fraluc Group will be fully consolidated as a subsidiary of Colruyt Group and no longer be accounted for as a joint venture using the equity method. Contacts For questions on this press release or for further information, please contact us as follows: Journalists: Silja Decock (Press Officer) Tel. -
Ets Fr. COLRUYT SA Limited Liability Company Edingensesteenweg 196 – 1500 Halle Company Number: 0400.378.485
PRESS RELEASE - Halle (Belgium), 18/12/2015 - Regulated information – Declaration of transparency Ets Fr. COLRUYT SA Limited Liability Company Edingensesteenweg 196 – 1500 Halle Company number: 0400.378.485 Structure of the shareholdership of the Ets Fr. Colruyt S.A. according to the latest transparency notifications of 17/12/2015 In the framework of the law of 2 May 2007 and the Royal decree of 14 February 2008 (publication of the important participations in the companies listed on the stock exchange) we received an updated notification of the participation of the Colruyt family, Sofina Group and Colruyt Group on 17/12/2015. On 13 July 2015 D.I.M. NV, H.I.M. NV, H.I.M. Drie NV, D.H.A.M. NV and KORYS NV were merged. As a result, all Colruyt shares held by these companies are now owned by KORYS NV and KORYS NV has crossed the 45% threshold . 7.500.000 treasury shares were cancelled on 17/12/2015. Hence, the 'Colruyt treasury shares purchased' rate was updated and the number of treasury shares purchased by Colruyt Group has dropped below the 5% threshold. The new denominator of 149.609.386 shares takes into account the cancellation of 7.500.000 treasury shares and the capital increase reserved for employees, for which 472.883 new shares were issued on 17/12/2015. The company has no knowledge of other agreements between shareholders. The legal thresholds per 5% portion apply.. I. Colruyt family and relatives Number % 1. Stichting Administratiekantoor Cozin 0 0,00 2. Colruyt family 9.127.879 6,10 3. -
Etn. Fr. COLRUYT NV Publication of a Transparency
PRESS RELEASE – Halle (Belgium), 18/02/2019, 17h45 CET – Regulated information - Transparency notification Etn. Fr. COLRUYT NV Limited liability company Edingensesteenweg 196 – 1500 Halle Enterprise number: 0400.378.485 Publication of a transparency notification (Article 14, first paragraph, of the Law of 2 May 2007 on disclosure of major holdings) Summary of the notification Pursuant to article 14 of the Law of 2 May 2007 on disclosure of major holdings, the Colruyt family and relatives, Colruyt Group and Sofina Group have submitted a notification to the FSMA. This transparency notification dated 15 February 2019 reports the completion of a sale of shares between reference shareholders acting in concert. By virtue of this sale of shares Sofina NV has crossed the threshold of 5% downwards. The shareholders acting in concert Colruyt family and relatives, Colruyt Group and Sofina Group hold a total of 90.955.630 Colruyt shares as per 15 February 2019 and thus jointly represent 63,36% of the total number of shares issued by the company (143.552.090). The company has no knowledge of other agreements between shareholders. The statutory thresholds per bracket of 5% apply. Content of the notification The notification dated 15/02/2019 contains the following information: Reason for the notification: downward crossing of the threshold by persons of the shareholders acting in concert Colruyt family and relatives, Colruyt Group and Sofina Group Notification by: persons acting in concert Person(s) subject to the notification requirement: Stichting Administratiekantoor Cozin, Claude Debussylaan 24, 1085 MD Amsterdam Korys NV, Villalaan 96 – 1500 Halle Korys Business Services I NV, Villalaan 96 – 1500 Halle Korys Business Services II NV, Villalaan 96 – 1500 Halle Korys Business Services III NV, Villalaan 96 – 1500 Halle Korys Investments NV, Villalaan 96 – 1500 Halle Impact Capital NV, Gemeentehuisstraat 6, 3078 Everberg Stiftung Pro Creatura, Oberer Flooz 2579, CH 9620 Lichtensteig Etn. -
85 % Des Entreprises Du Bel20 Vont Verser Des Dividendes
85 % DES ENTREPRISES DU BEL20 VONT VERSER DES DIVIDENDES « LES MARGES SONT LÀ POUR AUGMENTER LES SALAIRES » L’écrasante majorité des entreprises du Bel20 s’apprête à distribuer de juteux dividendes à leurs actionnaires en 2021. Au total, il s’agit d’un montant d’un peu plus de 5 milliards d’euros, selon les chiffres communiqués par les entreprises elles- mêmes. Le service d’étude du PTB a calculé qu’une augmentation salariale de 5 % dans ces entreprises coûterait 1,2 milliard d’euros (voir tableau 1). Soit seulement 25 % des dividendes annoncés. « Cela confirme que dans toute une série de grandes entreprises, il y a de la marge pour augmenter davantage les salaires, constate Raoul Hedebouw, porte-parole du PTB. C’est pourquoi nous exigeons que la loi de 1996 soit modifiée que la norme salariale soit rendue indicative, afin que les travailleurs aient la liberté de négocier de vraies augmentations. » 17 ENTREPRISES DU BEL20 DISTRIBUENT DE GÉNÉREUX DIVIDENDES Selon leurs propres rapports et annonces, la grande majorité des entreprises du Bel20 réalisera des bénéfices et distribuera des dividendes encore cette année. Sur les 19 entreprises qui ont déjà communiqué à ce sujet, 17 annoncent qu’elles verseront des dividendes allant de 34 millions à 1 milliard d’euros. En d’autres mots, au moins 85 % des entreprises du Bel20 verseront des dividendes. Dividende (par Dividende action) proposé (montant total) Nombre d'actions Société du Bel 20 sur base du proposé sur base bénéfice 2020 du bénéfice 2020 AB InBev 0,50 € 1.998.000.000 999.000.000 € Ackermans & van Haaren 2,53 € 33.500.000 84.755.000 € Ageas 2,65 € 198.370.000 525.680.500 € Aperam 1,75 € 83.700.000 146.475.000 € Argen-X 0,00 € 42.760.000 0 € Barco 0,378 € 88.270.000 33.366.060 € Cofinimmo 6,00 € 25.850.000 155.100.000 € Colruyt Group 1,35 € 138.430.000 186.880.500 € Galapagos 0,00 € 64.670.000 0 € GBL 3,03 € 161.360.000 488.920.800 € ING 0,12 € 3.896.730.000 467.607.600 € KBC 0,44 € 416.390.000 183.211.600 € Ontex n.d. -
Rapport Annuel • 2011-2012 • Colruyt Group
Rapport annuel • 2011-2012 • Colruyt Group Créer ensemble une valeur ajoutée durable fondée sur nos valeurs et notre savoir-faire dans la distribution WorldReginfo - 62bc7365-1652-46ba-a580-a3ed55c9c1b3 Risques inhérents aux prévisions Les déclarations formulées par Colruyt Group dans le présent communiqué de presse, de même que les références à ce communiqué dans toutes les autres déclara- tions écrites ou orales du groupe, portant sur les perspectives d’avenir en matière d’activités, sur les événements et les développements stratégiques de Colruyt Group, sont des prévisions et comportent à ce titre des risques et des incertitudes. Les informations communiquées reposent sur les données disponibles à ce moment ; ces informations sont susceptibles de différer du résultat final. Les facteurs pouvant induire une distorsion entre les prévisions et la réalité sont les suivants : changement de contexte microéconomique ou macroéconomique, circonstances de marché variables, climat concurrentiel changeant, décisions défavorables concernant la con- struction et/ou l’agrandissement de nouveaux magasins ou de magasins existants, problèmes d’approvisionnement avec les fournisseurs, sans oublier tous les autres facteurs pouvant avoir un impact sur le résultat du groupe. Colruyt Group se décharge de toute obligation quant aux communications futures susceptibles d’avoir des répercussions sur le résultat du groupe ou d’entraîner un écart par rapport aux prévisions fournies dans le présent communiqué de presse ou dans toute autre com- munication du groupe, qu’elle soit orale ou écrite. WorldReginfo - 62bc7365-1652-46ba-a580-a3ed55c9c1b3 Hal, 22 juin 2012 Société anonyme Ets. Fr. Colruyt Siège social : Wilgenveld Edingensesteenweg 196 B-1500 HAL RPM Bruxelles TVA : BE 400.378.485 Numéro d’entreprise : 0400.378.485 Tél. -
Latest Evolutions in the Field of Psychosocial Well-Being
Latest evolutions in the field of psychosocial well-being: practical cases of Ab Inbev, Colruyt, Moderator, Delhaize, Eurocontrol, Johnson & Johnson, NS-HSK, Port of Antwerp and Proximus Item Type Book Keywords Pulso Europe; Well-being--Psychological aspects; Well-being-- Social aspects; Employee assistance programs; Case studies; Work environment Publisher Pulso Download date 05/10/2021 17:20:12 Link to Item http://hdl.handle.net/10713/11206 Latest evolutions in the field of psychosocial well-being Practical cases of Ab Inbev, Colruyt, Moderator, Delhaize, Eurocontrol, Johnson & Johnson, NS-HSK, Port of Antwerp and Proximus Latest evolutions in the field of psychosocial well-being Practical cases of Ab Inbev, Colruyt, Moderator, Delhaize, Eurocontrol, Johnson & Johnson, NS-HSK, Port of Antwerp and Proximus Pulso Europe: 20 years of experience Reflecting on the history of Pulso Europe means more than just looking back on this last year since this organisation was founded. It is also a celebration of the more than twenty years that have led to the success of Pulso Europe today. This journey has started in the ‘90s with three separate Leuven-based companies: • ISW, spin-off of the Leuven University and pioneer in science-based prevention, assessment and treat- ment of stress complaints; • Limits, expert in moral and sexual harassment in the workplace; • Eupora, expert in co-creating Employee Assistance Programmes in close collaboration with their cus- tomer organisations. Two mergers onwards (first ISW and Limits, then ISW Limits and Eupora) we have taken our journey to an even higher level. We move forward together, and the new name ‘Pulso Europe’ already hints one of the di- rections. -
The Annual Report on the Most Valuable Belgian Brands July 2018 Foreword
Belgium 10 2018 The annual report on the most valuable Belgian brands July 2018 Foreword. What is the purpose of a strong brand: to attract customers, to build loyalty, to motivate staff? All true, but for a commercial brand at least, the first answer must always be ‘to make money’. Huge investments are made in the design, launch, and ongoing promotion of brands. Given their potential financial value, this makes sense. Unfortunately, most organisations fail to go beyond that, missing huge opportunities to effectively make use of what are often their most important assets. Monitoring of brand performance should be the next step, but is often sporadic. Where it does take place, it frequently lacks financial rigour and is heavily reliant on qualitative measures, poorly understood by non-marketers. David Haigh As a result, marketing teams struggle to communicate the value of their work and CEO, Brand Finance boards then underestimate the significance of their brands to the business. Sceptical finance teams, unconvinced by what they perceive as marketing mumbo jumbo, may fail to agree necessary investments. What marketing spend there is, can end up poorly directed as marketers are left to operate with insufficient financial guidance or accountability. The end result can be a slow but steady downward spiral of poor communication, wasted resources, and a negative impact on the bottom line. Brand Finance bridges the gap between marketing and finance. Our teams have experience across a wide range of disciplines from market research and visual identity to tax and accounting. We understand the importance of design, advertising, and marketing, but we also believe that the ultimate and overriding purpose of brands is to make money. -
Other Financial Services Investment Research Sector Update
Other Financial Services Investment Research Sector Update 01 March 2011 -40% 170 -35% 160 BELGIAN HOLDING AND INVESTMENT COMPANIES -30% 150 -25% 140 Last month's news flow Ackermans & van Haaren Bank Van Breda intends to launch a counter bid on ABK -20% 130 Ackermans & van Haaren Publication of flash note "FY10 preview: considerable increase of current result expected" -15% 120 Bois Sauvage Final closing of the sale of its participation in Bank Degroof -10% 110 Bois Sauvage Simplification of controlling structure - upgrade to Buy CNP/NPM Interruption of share buy-back programme -5% 100 CNP/NPM CNP/NPM portfolio company BIG is not to be sold 0% 90 Gimv Folow-up investment in NovoPolymers 90 92 94 96 98 00 02 04 06 08 10 12 Gimv 9M10/11 update Source : Bloomberg, ESN - Bank Degroof Research Gimv Divestment of Plexxikon to Daiichi Sankyo Histogram : Average (unweighted) discount to adjusted NAV of 5 largest Quest for Growth Publication of company update "FY10 release and portfolio update" holding companies (LHS) RHJ International Publication of flash note "The final settlement of the Honsel bankruptcy could turn out Line : Cumulative excess return Belgian investment companies vs. Belgian to be more favourable for RHJI than previously anticipated" All Shares Return Index since 1990 (RHS) RHJ International Refinancing of Asahi Tec's debt RHJ International Sale of stake in Niles Sector performances Abs. Perf. (1 month) -0.8% Financial calendar Abs. Perf. (3 month) 6.7% 03-Mar-11 Ackermans & van Haaren FY10 Results + analyst meeting 03-Mar-11 -
HYOFFWIND – Power to Gas
HYOFFWIND – Power to Gas Feasibility study for industrial scale conversion of renewable electricity (offshore wind) to green hydrogen with injection in the natural gas transmission grid. End Report (September 2019) The feasibility study was made possible with the support of the Energy Transition Fund (ETF). Table of Contents 1 General introduction ....................................................................................................................... 4 1.1 Purpose of the study ............................................................................................................... 4 1.2 Executive summary ................................................................................................................. 5 2 Presentation of the project partners .............................................................................................. 7 2.1 Eoly .......................................................................................................................................... 7 2.2 Fluxys ....................................................................................................................................... 7 2.3 Parkwind ................................................................................................................................. 7 3 Power-to-Gas vision ........................................................................................................................ 8 3.1 Societal challenges .................................................................................................................