Corporate Governance

As a limited liability company under public law, bpost is governed by the Law of 21 March 1991 on the reform of certain economic public companies. For all matters not specifically covered by the Law of 1991, bpost is governed by the Belgian Companies Code.

As a listed company, bpost is subject to the Belgian Code on Corporate Governance of 12 March 2009. bpost intends to comply with the Corporate Governance principles laid down in this Code and the OECD’s Guidelines on Corporate Governance of State-owned Enterprises. These principles and guidelines are implemented in the Corporate Governance Charter.

The main characteristics of bpost’s governance model are the following:

  • Board of Directors that defines the general policy and strategy of bpost and supervises the operational management;
  • Strategic Committee, an Audit Committee and a Remuneration and Nomination Committee established by the Board to assist and make recommendations to the Board;
  • CEO who is responsible for the operational management and to whom the Board of Directors has delegated powers of day-to-day management;
  • Management Committee that exercises the powers entrusted to it by the Law of 1991 and that, in the form of the Group Executive Management, assists the CEO in the operational management of the Company;
  • Clear division of responsibilities between the Chairperson of the Board of Directors and the CEO.

Articles of Association

bpost SA/NV is incorporated in Belgium, with its registered office at Muntcentrum / Centre Monnaie, 1000 – Brussels. See the Articles of Association.