Corporate Governance


In accordance with the original Belgian Code on Corporate Governance published in 2004, the Board of Directors of NV Bekaert SA has adopted the Bekaert Corporate Governance Charter on 16 December 2005. Following the publication of the 2009 Belgian Code on Corporate Governance, the Board of Directors adopted the 2009 Code on 22 December 2009 as the reference code for Bekaert and revised the Bekaert Corporate Governance Charter accordingly.

On 1 January 2020, the 2020 Belgian Code on Corporate Governance entered into force and became applicable to Bekaert. The Board of Directors revised the Bekaert Corporate Governance Charter to bring it in line with the 2020 Code. The new Bekaert Corporate Governance Charter became effective on 13 May 2020.

The 2020 Belgian Code on Corporate Governance is available at

General Meetings of Shareholders

The 2024 Annual General Meeting of Shareholders will take place on Wednesday 8 May 2024 together with an Extraordinary General Meeting of Shareholders:

  • Extraordinary General Meeting: Wednesday 8 May 2024 (9:00 a.m.)
  • Annual General Meeting: Wednesday 8 May 2024 (10:30 a.m.)
  • Second Extraordinary General Meeting (if no quorum on 8 May 2024): Thursday 29 August 2024 (14:00 p.m.)


In accordance with the Articles of Association, the Annual General Meeting of Shareholders is held at 10:30 a.m. on the second Wednesday in May of each year. Should that day be a statutory holiday in Belgium, then the meeting will be held on the second next working day. The agenda of the Annual General Meeting essentially includes the approval of the annual accounts, the appropriation of the results and the appointment or reappointment of Directors and the Statutory Auditor. An Extraordinary or Special General Meeting of Shareholders may be called at any time by the Board of Directors or by the Statutory Auditor.


A General Meeting is called by means of a notice which is published at least 30 days prior to the meeting in the Belgian Official Journal, a Belgian newspaper of nationwide circulation (in practice De Tijd), media ensuring effective dissemination throughout the European Economic Area, and the Bekaert website. The official language of this publication is Dutch (the official language of the Company’s registered office), but an unofficial English translation is published in the EEA media and posted on the Company’s website simultaneously with the Dutch publication in the Belgian Official Journal and De Tijd.

Registered shareholders receive a personal written invitation at least 30 days prior to any General Meeting.

Each notice contains the agenda of the General Meeting (including the text of the proposed resolution, where applicable), as well as detailed information and instructions for shareholders wishing to attend the meeting.

Subject to timing conditions, shareholders holding together at least 3% of the Company’s capital have the right to add items to the agenda and to file resolution proposals, while shareholders are also entitled to ask written questions ahead of the meeting.


A shareholder may attend a General Meeting in person or by proxy. The power of attorney forms are available as indicated in the notice and posted on the website (and enclosed with the invitation sent to registered shareholders).

Holders of debentures issued before 1 January 2020 can attend a General Meeting in person only and are not entitled to vote.


Each shareholder can vote at a General Meeting in respect of all the shares accounted for in accordance with the instructions included in the notice or invitation, subject to compliance with large shareholding notification and disclosure requirements imposed by law or the Articles of Association. One share equals one vote. There is no quorum requirement for Annual or Special General Meetings. Resolutions can therefore be passed no matter how many shares are represented at the meeting. Resolutions are adopted by a simple majority of votes.

An Extraordinary General Meeting requires a quorum of at least 50% of the capital. If this quorum is not reached, a second Extraordinary General Meeting has to be called. The notice and invitation for the second meeting will be made available as described above (except that the prior notice is reduced from 30 to 17 days if the date of the second meeting was mentioned in the notice of the first meeting). There is no quorum requirement for the second meeting.

Resolutions of an Extraordinary General Meeting require a qualified majority of the votes for adoption (as specified by Belgian company law).