Corporate Governance

Our Principles of Corporate Governance

Find out more about the X Principles applicable to Luxembourg companies whose shares are admitted for trading on a regulated market operated by LuxSE and must therefore apply these principles without exception.

Principle 1: Corporate governance framework

The company shall deploy an appropriate sustainability policy. It shall set out the measures taken for its implementation and shall report transparently and in sufficient detail.

Principle 2: The Board of Directors’ remit

The Board shall be responsible for the management of the company. As a collective body, it shall act in the corporate interest, and shall serve all the shareholders by ensuring the long-term success of the company. The Board shall consider sustainability aspects and shall take into account the interests of all stakeholders in their deliberations.

The Board shall regularly evaluate the way in which it operates and its relations with the management.

Principle 3: Composition of the Board of Directors and of the Board Committees

The Board shall be composed of competent, honourable, and qualified persons. The choice of those persons shall take into account the specific features of the company.

The Board shall establish the Board Committees necessary for the proper execution of its remit.

Principle 4: Appointment of members of the Board of Directors

The company shall establish a formal procedure for the appointment of members of the Board of Directors.

Principle 5: Professional ethics

The Directors must show integrity and commitment. Each shall represent the shareholders as a whole, and shall make decisions in the company’s interest, and independently of any conflict of interest.

Principle 6: Executive Management

The Board shall set up a body responsible for the effective executive management of its business. It shall clearly define the assignments and duties of the Executive Management and shall delegate to it the powers required for the proper discharge thereof.

Principle 7: Remuneration policy

The company shall establish a fair remuneration policy for its Directors and the members of its Executive Management that is consistent with the objectives of the company’s business and risk management strategy, including sustainability related objectives, corporate culture and values, and risk culture, and compatible with the long-term interests of the company.

Principle 8: Financial and sustainability information reporting, internal control and risk management

The Board shall establish strict rules to protect the company’s interests in the areas of financial and sustainability information reporting, internal control and risk management.

Principle 9: Sustainability

The company shall deploy an appropriate sustainability policy. It shall set out the measures taken for its implementation and shall report transparently and in sufficient detail.

Principle 10: Shareholders

The company shall respect the rights of its shareholders and shall ensure that they receive equal treatment.

The company shall define a policy of active communication with its shareholders and shall establish a related structured set of practices.

X Principles of Corporate Governance at LuxSE

Discover our 10 Principles of Corporate Governance.

X Principles of Corporate Governance at LuxSE (Jan 2024 version)

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