Committees

SPECIALISED COMMITTEES:

Various committees can be established within the board of directors for specific matters.

Currently, the board of directors of Retail Estates nv has set up three committees, a remuneration and nomination committee, an audit committee and a management committee ("directiecomité") (as of 1 April 2017).

 

REMUNERATION AND NOMINATION COMMITTEE:

The remuneration and nomination committee is made up of the following members:

  • Leen Van den Neste – chair of the committee, independent director;
  • René Annaert – independent director; and
  • Ann Gaeremynck – independent director.

The committee convened twice in 2016-2017 in the context of drawing up the 2017-2018 budget in which employee remuneration policy was discussed and an inventory was made of the recurrent fees paid to external service providers.

The role of the remuneration and nomination committee is to assist the board of directors by:

  • formulating recommendations on the composition of the board of directors and its committees;
  • assisting in the selection, assessment and appointment of the members of the board of directors;
  • assisting in determining the remuneration of the members of the board of directors; and
  • preparing the remuneration report.

 

AUDIT COMMITTEE:

The audit committee consists of the following members:

  • Leen Van den Neste – chair of the committee, independent director;
  • René Annaert – independent director;
  • Ann Gaeremynck – independent director; and
  • Jean-Louis Appelmans – non-executive director.

The tasks of this audit committee concern mainly the monitoring of the financial reporting process, the effectiveness of internal control and risk management systems, internal audit monitoring and statutory audit of the individual and consolidated accounts, and assessing and monitoring the independence of the statutory auditor.

Download the Audit Committee Charter of Retail Estates nv

 

MANAGEMENT COMMITTEE:

The management committee consists of the following members:

  • Jan De Nys – chair of the committee, CEO, Executive officer;
  • Kara De Smet – CFO, Executive officer; and
  • Koenraad Van Nieuwenburg – CIO.

In a decision of the board of directors of 17 February 2017, the management committee was established, with effect on 1 April 2017.

The duties of this management committee concern the day-to-day management of Retail Estates nv and its participations, the organisation and management of support functions, the conclusion of lease agreements, the due diligence for investments and disposals, preparation of the financial statements and all operational reporting.

Download the Internal rules of the Retail Estates nv management committee