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Deceuninck : Remuneration policy 2025
Deceuninck : Remuneration policy
About this update from Deceuninck Nv
[{"type":"text","content":"\n \n Remuneration policy\n \n \n INTRODUCTION\n \n \n Deceuninck NV (the \"Company\") has developed a remuneration policy (the \"Remuneration Policy\") which describes the remuneration philosophy and the accompanying policy that apply to the remuneration of the members of the Board of Directors and of the Executive Management of the Deceuninck Group (the \"Group\").1\n The Group's general remuneration policy aims to attract, retain and motivate competent and professional profiles. The Group rewards based on its contribution to its long-term goals, sustainability and respect for the Group's values.\n \n \n The Remuneration Policy is supervised by the Remuneration and Nomination Committee, whose duties and responsibilities are described in the Corporate Governance Charter adopted by the Board of Directors on December 17, 2020. The Remuneration Policy describes how the Company has its policy and practice with regard to remuneration developed considering strategy, relevant market practices and in accordance with corporate governance requirements.\n \n \n The Remuneration Policy was approved by the shareholders on April 23, 2024. An amended Remuneration Policy will be presented to the General Meeting of Shareholders on April 22, 2025. The proposed changes are the changes to the short-term variable remuneration targets of Executive Management members and the introduction of long-term variable remuneration.\n \n \n DEVIATING FROM THE REMUNERATION POLICY\n \n \n The Board of Directors is allowed to deviate from the Remuneration policy under the conditions of article 7:89/1, §5 of the BCA and the following terms and conditions:\n \n Fixed remuneration of the members of the Board of Directors: can be raised provided the raise is reasonable;\n Variable remuneration of Executive Management members: KPI's and targets can be changed due to exceptional circumstances only;\n The deviation is temporary, i.e. until the next General Meeting, to whom the deviations will be submitted for approval. In case the General Meeting does not approve the deviations, the previously approved Remuneration Policy shall apply again.1 In accordance with article 7:89/1 of the Belgian Code on Companies and Associations (\"BCCA\") and the new Corporate\n \n \n Governance Code 2020 (\"Code 2020\")\n \n Deceuninck nv ▪ Bruggesteenweg 360 ▪ B-8830 Hooglede-Gits\n \n \n...