Although the Vandemoortele Group is not a public limited company, it applies the "2009 Belgian Code on Corporate Governance". Vandemoortele has won the Belgian Best Board Award for non-quoted companies.
The
Board of Directors lays down the overall policy of the Vandemoortele Group and reports to the shareholders. In its ranks, the Board of Directors has six representatives of the family shareholders, two representatives of the Gimv-XL fund and five independent representatives. The Board of Directors is chaired by Karel Boone.
The Board of Directors assigns operational management to the
Executive Committee. The six EXCO members are directly responsible for their respective business lines or services and in addition share joint responsibility for the whole of Group activities. The EXCO is chaired by Jean Vandemoortele.
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