PE Benelux - Corporate Governance

Polimeri Europa Benelux is a Belgian Company whose main shareholder is the Italian company Polimeri Europa S.p.A. which owns 99,99% of the share capital; the other shareholder is the French Company Polimeri Europa France SAS which owns the remaining 0,01%.

The social object of the company is the buying and selling of chemical and petrochemical products on its own behalf or on behalf of third parties; the buying, the selling, the manufacturing, the processing of raw materials and equipments used in chemical industry.

Polimeri Europa Benelux, with registered head office in Waterloo, acts as sales agent of basic chemicals and polyethylene (Benelux, Great Britain and Ireland); of elastomers and polystyrene (Benelux).
Polimeri Europa Benelux acts also as sales agent  of chemical products on behalf of third parties in Benelux.

The company is managed by the Board of Directors; the minimum number of Directors is three and they shall be appointed by the General Meeting of the Shareholders.

The Board of Directors is charged to manage the company and appoints the executive director, who holds the position of Chief Executive Officer and Chairman of the Board of Directors,  responsible for current administration of the company.

Polimeri Europa Benelux has defined a structured and uniform system of rules of conduct relating to its organizational structure, relationships with third parties by the shareholder and with related parties that conform to the highest standards of corporate governance which take account of policies, directives and procedures, practices in force in the Group.

They shall include in particular:

• assignment to the Board of Directors of a central role in the system of corporate governance;
• conferment of powers to the Chairman and Chief Executive Officer, with the exception of the powers that the Board of Directors has reserved exclusively and those imperatives;
• presence of Directors particularly qualified; 
• appointment of committees (Credits  Committee, Steering Committee "Staff Meeting");
• application of a Group code of ethics containing rules of conduct that employees of the Group must follow in carrying out their business and relations with other persons;