Governance Statement |
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Letter from the Chairman and CEO
Balancing entrepreneurship with control and risk management – that is what good
corporate governance means to Fortis. It implies organising our businesses and
activities for growth and long-term sustainable success, while effectively keeping
sight of and managing the risks that come with that growth. The Fortis Board has a
crucial leadership role in guiding Fortis to success through responsible and efficient
decision-making in the face of dilemmas encountered during the course of its
development. Good governance is also about the contribution of every employee
at all levels of the Fortis organisation. All employees in their daily work environment
must aim to achieve an optimum balance between performance, risk and control.
Corporate governance is a subject that has been at the core of a continual stream
of new laws, regulations and best-practice guidance in different countries, and at
the level of international organisations and institutions. Fortis is a Belgian-Dutch
group to which the Belgian and the Dutch Codes of Corporate Governance apply.
At Fortis, however, corporate governance means more than simply complying with a
code. As a financial services institution, we believe that a strong culture of corporate
governance and ethical behaviour and decision-making is fundamental to the way
we do business. We therefore keep a very close eye on best practices and we
constantly develop and improve our own governance framework in accordance with
best practices.
This Governance Statement describes governance at Fortis. We are confident
that creating a clearly defined framework for corporate governance will help us to
communicate better with all our stakeholders.
| January 2008 |
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Maurice Lippens
Chairman of the Board of Directors |
Jean-Paul Votron
Chief Executive Officer |
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