IMCD has adopted a two-tier corporate structure under Dutch law consisting of a Management Board and a Supervisory Board. The General meeting of Shareholders is representing the shareholders of IMCD. These three corporate bodies are subject to Dutch law and regulated by the company’s Articles of Association as well as by the Dutch Corporate Governance Code.
Corporate Governance Code IMCD’s corporate governance structure is designed in accordance with the revised Dutch Corporate Governance Code (the “Code”) that entered into force on 1 January 2009. The objective of the Code is to foster good governance by encouraging proper conduct on the part of management and supervisory board members and shareholders. The Code has a statutory basis under Dutch law and applies to IMCD as a Dutch listed company with its corporate seat in the Netherlands. IMCD shall disclose its compliance with the Code in its annual report.