Corporate Governance

The principles adopted by UCB in Corporate Governance reflect its core values. Because they are so central to UCB's mission these values are highly integrated into the Company’s operations and are given heavy weight in its Corporate Governance. The adopted principles further support the Company’s visions and objectives and aim at improving its corporate transparency and disclosure. The Board is convinced that adhering to the highest corporate governance standards shows its commitment to maximizing value for all UCB’s shareholders and other stakeholders.

UCB has adopted the Belgian Code of Corporate Governance (second edition) published on March, 2009 as its reference Code taking into account the specific international aspects of the Company. As part of these rules, UCB, as a publicly traded company, has adopted a Code of Business Conduct, including a Code of Share Dealing.

The Corporate Governance Charter established by the Board of Directors aims at providing a comprehensive and transparent disclosure of the Company’s governance. It defines the system of checks and balances between the shareholders/investors, the Board and the management to shape an efficiently functioning company, ideally geared to produce long-term, sustainable value. It will be continuously updated as required.

In addition, the Company will provide, in its annual report, a Corporate Governance Statement, which will give the information as requested by the Belgian Companies’ Code and the Belgian Code of Corporate Governance. This report will include the Remuneration Report and give the factual information with respect to the Company’s Corporate Governance, together with details of relevant events that took place during the year.