Please find here the corporate governance charter of the Vandemoortele Group.


Letter from the Chairman of the Board of Directors and from the Chief Executive Officer

The Vandemoortele Group is a family owned group of companies that was founded in 1899. The company Vandemoortele NV, a Belgian public limited liability company, has made public offerings of securities within the meaning of article 1:12, 2° of the Belgian Code of Companies & Associations (“CCA”) (“Wetboek van Vennootschappen en Verenigingen” “Code des Sociétés et Associations”) since the issuance of its 75 million € retail bond on December 13, 2012.

Adequate corporate governance is one of Vandemoortele’s essential tools to ensure its sustainable growth and profitability, now and in the future, to the benefit of its stakeholders.

The Vandemoortele Corporate Governance Charter must be read as a supplement to the Articles of Association of the Company, the CCA and other applicable legislation. The Charter is also based on several principles laid down in the 2020 Belgian Code of Corporate Governance. However, considering the specific characteristics of the Vandemoortele Group and, in particular, the fact that the shares are not listed, some principles of the Code, such as the “comply or explain principle “have not been applied systematically.

Vandemoortele expects its associates to contribute to its endeavours towards sound business management practices by giving the Vandemoortele Group’s interest priority over personal interest, searching for the best business practices and acting ethically in all their undertakings. In this way, Vandemoortele aims to strike a healthy balance between profitable growth, risk management and control.

Ghent, November 2020

Jean Vandemoortele
Chairman of the Board

Yvon Guérin
Chief Executive Officer


Please find here the corporate governance charter of the Vandemoortele Group.

About Vandemoortele

Vandemoortele was founded in 1899 as a Belgian family business, and has continued to grow and develop ever since. Over the last two decades, we became a European food company with leading positions in two product categories: Bakery Products (BP) and Plant-Based Food Solutions. We are known for supplying innovative and high-quality products. 

In 2022, Vandemoortele realised a turnover of around EUR 1.7 billion with 4,600 associates (permanent and temporary). The Vandemoortele Group headquarters are located in Ghent, Belgium. We have commercial offices in 12 European countries, as well as in the United States and Asia. We operate in 29 high-quality production sites all over Europe, in order to ensure proximity to all our key markets. We export from Europe to approximately 70 countries worldwide.

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