Belgian draft law on asset transfers by listed companies and independent directors

On 11 December 2023, a draft law was introduced in the Belgian Chamber of Representatives giving a vote to shareholders of listed companies in significant asset transfers. This will align Belgium with the practises of neighbouring countries and leading capital markets. The draft bill also introduces a strengthened independent director statute, with a board report on the independence of candidates and a minimum number of independent directors on the boards of listed companies.

We invite you to read our analysis of the draft law in the publication below.