Audit committee
The audit committee was established pursuant to article 7:99 of the Companies and Associations Code and assists the board
of directors in performing its supervisory role over internal and external auditing and control in the broadest sense.
The audit committee consists of 3 members:
| Name | Function |
| Lieve Creten | Chairwoman |
| Barbara De Saedeleer | Member |
| Koen Van Gerven | Member |
The duties of the audit committee also include:
- assisting the board of directors in its supervisory responsibilities, in particular as regards the provision
of information to the shareholders and third parties; - monitoring the financial reporting process, in particular with respect to the quarterly, half-yearly and annual results;
- monitoring the statutory audit of the statutory and consolidated financial statements;
- monitoring the effectiveness of the Company’s internal control and risk management systems;
- monitoring internal audit;
- assessing and monitoring the independence of the statutory auditor, as well as approving the statutory
auditor’s remuneration, specifically with regard to the provision of additional services to the Company; - analyzing the statutory auditor’s findings and, where necessary, formulating recommendations
for the board of directors; - ensuring that all legal rules on potential conflicts of interest are strictly applied;
- examining the degree to which management responds to the findings of the internal auditor;
- analyzing issues in relation to the audit plan and all matters arising from the audit process.