Conflicts of interest

Board of Directors

In 2022, the board of directors received no notification of a conflict of interest within the meaning of the Companies and Associations Code. No other reports of related party transactions were received, as described in Annex 2 to the Group’s Corporate Governance Charter.

External control

The general meeting of May 27th 2021 appointed KPMG Bedrijfsrevisoren, represented by Filip De Bock, as statutory auditor of NV Ter Beke. The appointment was for three years. We consulted regularly with the auditor. For the semi-annual and annual reporting we invited him to the meeting of the audit committee. The statutory auditor is also invited to discuss the internal audit plan and internal controls. The statutory auditor does not maintain any relationships with Ter Beke that could

Executive Committee

No conflicts of interest presented themselves in the executive committee in 2022. There were also no related party transactions reported within the meaning of Appendix 2 of the group’s Corporate Governance Charter.

influence his judgment. Moreover, he confirmed his independence from the group. In 2022 we paid EUR 283 thousand for audit services to KPMG Bedrijfsrevisoren and to the persons with whom KPMG Bedrijfsrevisoren is associated (2021: EUR 318 thousand). Non-audit services for 10 thousand EUR were provided in 2022 (2021: 5 thousand EUR). The companies with which the auditor has a partnership did not invoice additional fees to the group in 2021 and 2022.