The new Belgian Corporate Governance Code entered into force this month. In response to companies' concerns about measuring compliance, the drafters created a three-part Code that includes principles, provisions and guidelines.
The Code was drafted by the Belgian Corporate Governance Committee. The committee was created Jan. 22, 2004, by the Banking, Finance and Insurance Commission (BFIC), the Federation of Enterprises in Belgium and Euronext Brussels.
The past year has proven to be a busy and productive one for the group. The committee published a draft Code on June 18, which was open to public comments until Sept. 15. The final version of the Code was published Dec. 9 and entered into force on Jan. 1.
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