Application of the recommandations

Insofar as the recommendations for the implementation of the good governance principles are concerned, the board of directors has taken into account the specifics of Bederode.

Given its activities, its investment strategy and its size Brederode has opted to have a simple management structure, with few formalities, based on consensus and the strong cohesion of a small management team. For a number of years already this type of management and the respect of good governance principles has guaranteed the success, profitability and excellent relations with the company’s shareholders.

In the same spirit this charter meets most recommendations imposed by the X principles, but also deviates from some.