Solvay SA – headquartered in Belgium – is committed to the highest governance principles and seeks to consistently enhance corporate governance performance, emphasizing transparency and promoting a sustainable culture of long-term value creation.
Solvay’s governance bodies are responsible for the Group’s long-term approach, pursuing the vision of Solvay’s founder, and implementing the Group’s strategy. The Board of Directors is entrusted with steering Solvay’s development strategy while advising the Executive Committee, which oversees its business operations.
This Corporate Governance Statement applies the recommendations of the 2009 Belgian Corporate Governance Code’s “comply or explain” principle. It includes additional factual information with respect to Solvay’s corporate governance and relevant modifications thereto, together with details on directors and executive compensation and of relevant events that took place during the preceding year.
In accordance with this principle, none of the rules described in this Corporate Governance Statement depart from the 2009 Belgian Corporate Governance Code.
The Corporate Governance Charter (the “Charter”) adopted by the Board of Directors of Solvay is available on Solvay’s website and describes the main aspects of the Solvay Group’s corporate governance, including its governance structure and the internal rules of the Board of Directors, the Executive Committee, and other committees set up by the Board of Directors. From January 1st, 2020, Solvay has applied the recommendations of the 2020 Belgian Corporate Governance Code which has been applicable from that date. The Board of Directors has amended the Charter in order to be compliant with the new Corporate Governance Code.