Meetings
The average number of meetings convened per year is 8.5. The Bel 20 companies held more (nine) meetings on average
than the Bel Mid (eight). The number of meetings across both indices ranged from two to 20 per company with fewer
companies holding four to five meetings per year and more companies holding eight to nine or 12 or more meetings per
year. The most common annual frequency range recorded among Belgian Boards remains between six and nine.
Board evaluation
The Belgian Corporate Governance Code recommends that companies conduct a board evaluation every two or three years.
This can be carried out internally or by using an external facilitator.
96% of Belgian companies carried out a full board assessment, marginally more than in 2022 (95%). Of those, only 18%
of companies used an external firm. Among Bel 20 companies, 25% used an external firm, 65% conducted a review
internally, and 10% did not carry out an evaluation. Among the Bel Mid companies, 14% used a third party and 86%
conducted a review internally.