Corporate governance charter
The Governance Decree states that the board of directors must make provision for a code of ethics for its members. Article 17 of De Lijn’s articles of association also states that the board of directors must determine in internal regulations how it exercises its powers, in a manner consistent with the articles of association.
The corporate governance charter combines a code of conduct for board members and a set of internal regulations.
With the code of conduct, all board members (directors, supervisory directors, observers, the director general, the secretary and his or her assistant) subscribe to the values of the company and the ethical principles. These are largely based on the framework provided by the Flemish government, which itself builds on the Buysse Code and the principles of Guberna (Institute of Directors).
The internal regulations describe the board’s operating principles in detail, in accordance with the decree, the articles of association, other relevant regulations and standard working methods.
