SnowWorld N.V. is a holding company based in the Netherlands. We attach great importance to maintaining good relations with our investors and are always open to their advice and suggestions. The annual General Meeting of Shareholders provides us with a valuable opportunity to exchange ideas with our investors, both formally and informally, and we always take the comments and suggestions made at these meetings into careful consideration. We believe that our shareholders should be informed in a timely and adequate manner about the state of affairs at the company.
One Tier Board
SnowWorld N.V. operates according to a so-called 'one tier board' structure. This gives us a clear and efficient management structure in which the management and supervisory bodies work together within the same board of directors. This promotes rapid decision-making, improves communication, and strengthens accountability. This approach allows companies to respond flexibly to challenges and work confidently toward our goals.
Composition of the board:
- Mr. W. Hubrechtsen - executive director
- Ms. E. Haeck - non-executive director
- Ms. F. Loncin - non-executive director
- Ms. N. Van Den Haute - non-executive director
The SnowWorld Board endorses the key principles of corporate governance.
Good corporate governance is an important principle for SnowWorld. We consider it essential to firmly embed the Dutch Corporate Governance Code (the Code) in the company, with a focus on key concepts such as openness and shareholder control.
While SnowWorld greatly appreciates the Code, it notes that a number of the practices set out in the Code are less suitable for smaller listed companies, which SnowWorld considers itself to be. This consideration means that SnowWorld deviates from the Code to a limited extent, including in the long term. SnowWorld's Annual Report indicates in the Corporate Governance section the areas in which SnowWorld deviates from the Code.
