The Board of Directors established various advisory committees to assist in its task. These committees are exclusively composed of non-executive directors. At least one member of each advisory committee (and the majority of the members for the audit committee) is independent within the meaning of Article 526ter of the Companies Code. The members of these advisory committees sit at a maximum on three of these committees.
The Audit Committee advises the Board of Directors on its oversight and audit.
The Nomination Committee has an advisory role and prepares the nominations to be decided upon by the Board of Directors and this for Belfius Bank, Belfius Insurance, Corona and Belfius Investment Partners. Next to this they guard the application of the corporate governance guidelines.
The Remuneration Committee has an advisory role and prepares the decisions on remuneration for the Board of Directors and this for Belfius Bank, Belfius Insurance, Corona and Belfius Investment Partners.
The Risk Committee has towards the Board of Directors the advisory power and responsibility with regard to the risk strategy of the company.
The Mediation Committee advises and mediates with regard to decisions or material transactions between Belfius Bank and her affiliates, Belfius Insurance and her affiliates or between their respective affiliates for that matter.