According to the Articles of Association, the company is administered by a Board of Directors made up of at least five members (monistic structure).
The Board of Directors is the final decision-making body of the company, except for matters reserved for the shareholders by law or the Articles of Association.
The Board of Directors' primary aim is to ensure the long-term success of the company while at the same time respecting the interests of all third-party stakeholders who are essential to attaining that objective, i.e. the shareholders, the personnel, the customers, the suppliers and other creditors and, in addition, the public service obligations that the company assumes.
The Board of Directors, in pursuing that objective, identifies the strategic challenges and tasks confronting the company; defines the values of the company, its strategy, the level of risk that it can accept and its key policies; it also controls the company's business.
The Board of Directors has nineteen members and is made up of five categories of directors:
1. Eight directors are linked to the controlling shareholder
2. Two director belong to the management
3. Two directors are linked to the municipalities
4. Six directors are independent in the meaning of the Belgian Corporate Governance Code (BCG Code)
5. One other director
(Electrabel's partners in the mixed Intermunicipal companies)
The Secretary to the Board of Directors is Patrick van der BEKEN
