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Remuneration and Nomination Committee

The Remuneration and Nomination Committee makes proposals to the Board of Directors regarding the remuneration policy and the individual remuneration of Directors and members of the Management Committee and prepares and explains the remuneration report at the Ordinary General Meeting. It also makes the necessary proposals regarding the evaluation and re-appointment of Directors as well as the appointment and induction of new Directors. The terms of reference of the Remuneration and Nomination Committee are included in Recticel’s Corporate Governance Charter.

The Remuneration and Nomination Committee consists of four members, all Non-executive Directors, of whom three are Independent Directors.

Dirk Verbruggen, Chief Financial & Legal Officer (representing Roffoelkin BV), fulfils the role of secretary of the Remuneration and Nomination Committee.

The composition of the Remuneration and Nomination Committee meets the requirements with respect to the Belgian Companies and Associations Code, as well as the requirements of the Corporate Governance Code 2020.

In accordance with the article 7:100 of the Belgian Companies and Associations Code, Recticel declares that the Remuneration and Nomination Committee possesses the necessary expertise in the area of remuneration policy.

Members of the Remuneration and Nomination Committee to date

1 from 28/05/2024 in his capacity as permanent representative of D.A.S.T. NV
2 in his capacity as permanent representative of BALTISSE NV
3 from 28/05/2024 in his capacity as permanent representative of IRIDI BV
4 in his capacity as permanent representative of LUBIS BV

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