[ESTABLISHING A BUSINESS ENTITY IN BELGIUM] 58
MANAGEMENT
Structure
BV is managed by either
CV is managed by either
There are 2 types of board structures:
a sole director;
a sole director;
- monistic board;
-
-
a board of directors (non- collegial or collegial, if provided for in the articles of association).
a board of directors (non- collegial or collegial, if provided in the articles of association).
dualistic board.
-
-
-
If the monistic board structure is chosen, the NV may be managed by:
Director(s) can be appointed in the articles of association.
Director(s) can be appointed in the articles of association.
either a collegial board of at least 3 directors, or; 2 directors if there are fewer than 3 shareholders, or; if the articles of association so provide, a sole director.
-
-
-
The dualistic board structure must be provided for in the articles of association and consists of
- a board of supervision and;
- an executive board.
The board of supervision is a collegial board of at least 3 members, who may not at the same time be members of the executive board. The executive board is a collegial board of at least 3 members who are appointed by the members of the board of supervision. In principle, the board of directors has all the powers that are not reserved to
Competence
Every director may perform all acts necessary or useful for the
ILN Corporate Group – Establishing a Business Entity Series
Made with FlippingBook Ebook Creator