What Corien writes about the new corporate governance guidelines the Belgian government has agreed on is true, but I would like to indicate some failures in the execution of the decree. Some people say the law can easily be avoided by giving a justification why you cannot, as a corporation, give any information about the remunerations in your company.
Also the free will off the companies who applied to the code Buysse and the code Lippens disappears, these laws were just for the companies who wanted to make a good impression, so the advantage these firms have had the past several years, disappears right before their eyes.
The new law applies just to the listed companies , only these have to be honest about their remuneration policy. Subsidiaries of listed corporations, as well as the not listed corporations still have the freedom to give all the bonuses and golden parachutes they want. Is this the situation the Belgian government want to achieve?
Kevin Rokegem
sources: jobat & express
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