6 March 2018 | Management and daily management of Belgian companies

The draft Belgian Companies Code is expected to be approved before summer. It provides for a number of fundamental changes in the key principles governing the legal situation and functioning of directors of Belgian companies. The aim of this seminar is to provide you with (i) a survey of the main changes, from both a corporate and employment law perspective as well as (ii) tips and tricks to reflect these changes in management agreements. The topics will include:

  1. New principles on the governance of Belgian companies and their impact on management agreements with directors: Resignation/dismissal of directors: will it be possible to include enforceable notice periods and/or payments in management agreements with directors? The end of the “ad nutum” principle…The introduction of a statutory definition of “daily management”: a significant extension of the scope of daily management – impact on the task description included in (existing) management agreements. We will discuss practical solutions and discuss articles to be included in the relevant agreements.
  2. New governance models available to the NV/SA: Sole directorship: towards a NV/SA with one shareholder and/or one director? The choice between a one tier model or a “true” two tier model
  3. Fundamental changes in the rules governing director’s liability: Towards a statutory maximum amount of liability for directors?Will exoneration clauses in management agreements still offer a solution and what about D&O liability insurance?
  4. How to guarantee non-competetion and confidentiality?


Date: 6 March 2018

12h00 – 12h30: Registration and lunch
12h30 – 13h30: Presentations
13h30 – 14h00: Q&A and drinks

Loyens & Loeff – Rue Neerveld 101-103, 1200 Brussels

Registration: Click here to register