Remuneration and nomination committee
The board of directors has established a remuneration committee in accordance with article 7:100 of the Companies and Associations Code. The remuneration committee also functions as the nomination committee.
The remuneration and nomination committee consists of the following members:
| Name | Function |
| Barbara De Saedeleer | Chairwoman |
| Lieve Creten | Member |
| Koen Van Gerven | Member |
The remuneration and nomination committee performs the following activities:
- submitting proposals to the board of directors on the remuneration policy for directors and members of the executive management, as well as, where applicable, the ensuing proposals for
the board to put before the shareholders; - submitting proposals to the board of directors on the individual remuneration of the directors and members of the executive management, including variable remuneration and share-related and other long-term bonuses;
- preparing the remuneration report that forms a part of the corporate governance statement in the annual report;
- outlining the remuneration report at the annual general shareholders’ meeting;
- the annual performance evaluation of members of the executive management based on the agreed performance measures and targets;
- formulating recommendations to the board of directors concerning the nomination of directors and members of the executive management;
- managing the process for the nomination or renomination of directors;
- drawing up plans for an orderly succession of retiring directors;
- regular oversight of the executive management;
- establishing suitable programs for talent development and the promotion of diversity in leadership.