As a public quoted company, Zenitel attaches a great deal of importance to ensuring that its Corporate Governance system is accessible and comprehensible. Zenitel understands that good Corporate Governance helps build value and trustworthiness, open interaction and cooperation among all; the shareholders, the Board of Directors and Executive Team, as well as the company employees, customers, suppliers, creditors, public authorities and the general public. In this context, Zenitel realizes that the long-term trust of all these respective parties is a key element in its positive development.
Zenitel continuously seeks to optimize the management, administration and control of its operations and adheres to the Belgian Code for Corporate Governance issued on 12 March 2009. The Belgian Corporate Governance Code 2009 is available at the following website: www.corporategovernancecommittee.be. No other corporate governance practices are applied by Zenitel NV. Zenitel’s board of directors has in March 2012 adopted a new corporate governance charter further aligning and updating its corporate governance structures with the changes introduced by the Belgian Code for Corporate Governance and the recent changes in the Belgian Company Code regarding corporate governance.
Regular, open and transparent communication is considered a key facet of the Zenitel corporate culture, internally within the company and externally too. This transparency shows in how Zenitel is organized, functions and how decision making takes place within the Board of Directors and the Core Team.