The Supervisory Board and the Management Board evaluate the company’s corporate governance structure on an annual basis. The Supervisory Board and the Management Board have determined that the company fully endorses virtually all the principles and best practices of the Dutch Corporate Governance Code (the ‘Code’), and applies them when appropriate.
- The Code is fully applied, with the exception of the following:Individual presentations to investors are not broadcast live via webcasting. Any presentations given during such meetings that are not yet available online will be posted on the corporate website after the presentation (best practice 4.2.3).
In addition, some principles and best practices are not applicable, due in part to the company’s statutory structure. Any instances of non-compliance are explained.
Ordina has formulated a corporate governance statement addressing how it approaches the issues described in the Code. This statement has been posted on the website. The website also offers a comprehensive list of the opinions held by Ordina N.V. with respect to all principles and best practices of the Code (the comply-or-explain statement). Based on the assessment of the Code, the company has also updated the profile, the rotation schedule and the rules of procedure of the Supervisory Board. The profile, the rotation schedule and the rules of procedures have also been posted on the corporate website.