Corporate governance

Movetis has a one-tier corporate governance structure. The Board of Directors is hte ultimate decision-making body, except with respect to areas which are reserved (by law or by the Company's articles of association) to the General Shareholders Meeting.

The Board of Directors of Movetis has the role to pursue the long-term success of the Company by providing entrepreneurial leadership and enabling risks to be assessed and managed. The Board of Directors consists of eight members,  including three independent directors. Within the Board of Directors, an Audit Committee and a Nomination and Remuneration Committee have been created. .

The Executive Management Team (EMT) of Movetis has been set up as an advisory committee to the Board. The Board has delegated the Company's daily management to the Chief Executive Officer (CEO). Each of the members of the EMT has individually been made responsible for certain aspects of the day-to-day management of the Company and its business. The EMT consists of nine members, who are appointed by the Board of Directors, based on the recommendations of  the Nomination and Remuneration Committee.

Key information on corporate governance of Movetis can be found in the Company's articles of assocation and its Corpororate Governance Charter. The Corporate Governance Charter of Movetis is based on the Belgian Corporate Governance Code of 12 March 2009, and also includes the terms of reference of the Board, its committees and the EMT, as well as a Dealing Code.

The Statutory Auditor of Movetis is PricewaterhouseCoopers Bedrijfsrevisoren CVBA, represented by Raf Vander Stichele BVBA, itself represented by Mr. Raf Vander Stichele, for a term ending immediately after the closing of the Shareholders Meeting of 6 May 2013. The Statutory Auditor has its registered office at Woluwedal 18, B-1932 Sint-Stevens-Wolume (Belgium).