Sustainable development report 2017

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CORPORATE GOVERNANCE
1 All of the components of Cofinimmo's Corporate Governance Charter
can be viewed at .
2 COSO: Committee of Sponsoring Organizations or Treadway
Commission ( ). A private sector organisation.
Its goal is to promote quality improvements in financial reporting via
the application of business ethics rules, an effective internal control
system and enterprise governance rules.
A GOVERNANCE STRUCTURE
ATTENTIVE TO THE
SUSTAINABILITY CHALLENGES
The Board of Directors approves all of
the company's strategic decisions while
remaining attentive to the sustainability
issues proposed by the Executive
Committee. The latter first analyses
and approves the proposals of the
Sustainability Committee whose mission
is to continuously identify and assess
all elements which can improve the
sustainability aspects of the strategy.
It is composed on the one hand of the
representatives of the departments directly
involved in the property management of
the Group's portfolio and, on the other hand,
of the legal, communication and human
resources departments.
RISK MANAGEMENT AND
CORPORATE GOVERNANCE ARE
INSEPARABLE
We have implemented a risk management
and internal control process in accordance
with the rules of corporate governance
and the laws applicable to Regulated Real
Estate Companies. In order to do so, we
selected the Enterprise Risk Management
(ERM) model developed by COSO2 as our
reference frame.
The periodic risk analysis at Group level
includes all risks related to sustainability
such as the impact of climate change
on the company’s business. The different
risk factors and their potential effects on
the company's business, and the various
elements and actions mitigating the
potential negative impact of the risks
are detailed on pages 2-6 of the 2017
Annual Financial Report
(see ).
Head office Cofinimmo - Office building
Woluwe 58 – Brussels Decentralised (BE)
Our Group's governance is rigorous and
explicit. It is adapted to the way the
company operates and to its shareholding
structure. We want to serve the long-term
interests of our shareholders, tenants,
employees and the community at large.
Our company adopted the 2009 Belgian
Corporate Governance Code ('Code 2009')
as its reference code. The rules, procedures
and practices which define the way in
which our company is managed and
controlled are described in our Corporate
Governance Charter1.
22 \\ COFINIMMO \\ COFINIMMO IN BRIEF