Zetes Industries SA is a company incorporated under Belgian law. As well as complying with legislation and regulations, the Board of Directors is committed to high standards of corporate governance. Therefore, as a matter of principle, Zetes Industries SA strives to comply with the Belgian Corporate Governance Code.
The governance structure of Zetes Industries SA is based on a distinction between: - the management of Zetes Industries SA, a task conducted by the executive management within the framework and under the supervision of the general strategy defined by the Board of Directors; and
- the development of the general strategy of Zetes Industries SA, the supervision of Zetes management and the exercise of specific powers attributed by the Companies Code and the Articles of Association which are aspects that fall within the powers of the Board of Directors.
The Board of Directors has produced a Corporate Governance Charter as a comprehensive and basic reference tool on the governance of Zetes Industries SA.
It deals with the following topics: - Shareholding and Group Structure
- Board of Directors: Terms of Reference
- Remuneration Committee: Terms of Reference
- Audit Committee: Terms of Reference
- Role and Responsibilities of the Chairman of the Board
- Role and Responsibilities of the Chief Executive Officer
- Independence Standards
- Remuneration Policy
- Conflicts of Interests
- Dealing Code.
The Corporate Governance Charter will be supplemented with factual disclosures on Zetes Industries SA’s corporate governance in the Annual Report, and with other official disclosures made from time to time. Such disclosures are made available, amongst others, through the website of Zetes Industries (www.zetes.com). The Corporate Governance Charter is published, together with the company’s coordinated by-laws, on the website of Zetes. | 
Corporate Governance Charter