Even though it is an unlisted company, Vandemoortele applies the 2009 Belgian Corporate Governance Code.

The Board of Directors determines Vandemoortele’s general policy and reports to the shareholders. It consists of six representatives of the family shareholders, including CEO Jean Vandemoortele, two GIMV representatives and six independent directors. Karel Boone is the Chairman of the Board of Directors.

The Board of Directors entrusts the day-to day management of Vandemoortele to the CEO. He presides and directs the Executive Committee that is composed by himself, the Managing Directors of the 2 Business Lines, the CFO, the Group HR Director and the Secretary General. The Executive Committee members are responsible for their Business Line or Group Service and, together with the CEO, are responsible for managing the activities as a whole.