Electrabel has closely observed the work of the Corporate governance Commission, which was created on the initiative of the Federation of Enterprises in Belgium, Euronext Brussels, and the banking, finance and insurance Commission. The Corporate governance Commission has brought together in a single Code - the Belgian Corporate governance Code - all the Belgian and European recommendations in the area of corporate governance. Within this framework, the Electrabel Board of Directors has approved the following documents :
The Electrabel General Meeting of Shareholders has approved the following Coordinated Articles of Association :
The Electrabel Board of Directors has approved on December 19, 2005 the company’s Corporate Governance Charter. As previously announced, Electrabel complies with the provisions of the Lippens Code.
This Charter defines the relations with the respective roles of the Board of Directors, the Chairman of the Board and the Chief Executive Officer, as well as the missions of the various committees. It also includes provisions concerning the social interests of Electrabel as a legal and economic entity, and those of its stakeholders.
The version hereto includes the last updates made by the Board of Directors on 21 March 2008, following the public buy-out offer by Suez in respect of Electrabel securities during the first half of 2007 and the purchase by Electrabel in July 2007 of the stake held directly by Suez in Suez-Tractebel.
will be available soon
The Board of Directors has also approved the report 2007 focused on Corporate Governance as applied during this financial year.
