Board of Directors

Composition

The Board currently consists of 6 directors. Of the 4 non-executive directors, 3 directors are independent in the sense of article 526ter of the Company Code and three represent the shareholders.

Liévin Van Overstraeten

Chairman, director (representative of the Van Overstraeten group)

( ° 1956) Holds a degree in law (KUL 1982) and a “PUB” degree in management (Vlerick 1983). He has extensive experience in leading and managing companies, in particular, real estate companies, sports centres and in the wood-processing industry, in Belgium and in Romania.
He is the CEO of VOP NV / VOP SA and a Director of Immovo SA, Sippelberg SA, Rolem Belgium SA, Cocky SA, Stichting Administratiekantoor Stavos, Stavos Luxembourg SA, Burgerlijke Maatschap Van Overstraeten, Burgerlijke Maatschap BMVO 2014.

Eric Spiessens

Vice-Chairman, independent director

( ° 1960) Holds a degree in Sociology (KU Leuven), a teaching qualification for secondary education and is an engineer in Social Sciences (KU Leuven). He has held various management positions, among others in the ARCO group.
He is a member of the Board of Directors of GIMV NV and Auxipar NV. He is a Director of Auxipar NV, VEH CVBA, Publigas CVBA, Aspiravi NV, NV, EPC CVBA, Sint-Jozefskredietmaatschappij NV, Livingstones CVBA.

Wim Aurousseau

Director (representing the shareholder AXA)

( ° 1971) Holds a degree in applied economics and finance (UA) and Financial Analyst (ICHEC). He has vast experience in the management of property and companies, in the banking and insurance sector in Belgium.
He currently is the Chief Investment Officer of AXA Belgium.

Koen Dejonckheere

Independent director

( ° 1969) Holds a degree in Civil Engineering (Ghent) and an MBA (IEFSI-ECHEC, Lille-France).
Delta VZW (Hospital Group), Roularta NV/SA, Enternext SA, Belgian Venturing Association vzw/asbl, Biotechfonds Vlaanderen NV/GIMV Arkiv Technology Fund NV/Voka-VEV. He is also a member of the Executive management of VBO/FEB.

Johan Van Overstraeten

Director (representative of the Van Overstraeten group)

( ° 1961) Has vast experience managing companies, more specifically in property development.
He is a Director of VOP SA, Immovo SA, Sippelberg SA, Rolem Belgium SA, Cocky SA, Stavos Luxembourg SA (G.D. of Luxembourg), Stichting Administratiekantoor Stavos NV (the Netherlands), Burgerlijke Maatschap Van Overstraeten, Burgerlijke Maatschap BMVO 2014 and is a CEO of Home Invest Development in his capacity of permanent representative of Cocky SA.

Laurence de Hemptinne

Independent Director

Laurence de Hemptinne (b. 1963) is Managing Director of Editions & Séminaires SA. She graduated from the Faculty of Law at the Free University of Brussels (Université Libre de Bruxelles) and practised as a lawyer for four years. She then turned to journalism, focussing on economics and law.

Specialising in matters relating to the property market, town planning and real-estate taxation, she worked for nearly ten years on various publications, principally with La Libre Belgique. She founded Editions & Séminaires SA, a company dedicated to publishing books and organising seminars on the subject of real estate. In this context, she organises and presents conferences on changes in the legislation and on the political and economic environment of property development. She is also the author of various publications relating in particular to real-estate taxation.

Competences

The Board of directors of Home Invest Belgium determines the company’s strategy and takes final decisions as regards investments and divestments.
It prepares the half-year and annual accounts of Home Invest Belgium, as well as the Annual financial report, which is drawn up with a view to the General meeting of shareholders, the half-year financial report, as well as the interim statements.
It approves merger reports, decides on the use of the authorised capital and convenes Ordinary and Extraordinary general meetings of the shareholders.
It ensures the precision, accuracy and transparency of the communications addressed to the shareholders, financial analysts and to the public, in the form of prospectuses, annual and half-year reports, interim and occasional press releases, and updates to the website www.homeinvestbelgium.be.

It delegates day-to-day business to management, which reports back to it on a regular basis on its management, and submits to it an annual budget, as well as a quarterly statement.

Committees

  • Investment committee

    The investment committee, is comprised of the following people:

    • Johan Van Overstraeten, chairman, director, representative of the Van Overstraeten group;
    • Alain Verheulpen, representative of AXA Belgium group;
    • Laurence de Hemptinne, Independent director.

    It is the body that selects, analyses and prepares investment files, although the final approval of these files is entrusted to the Board of directors.

  • Audit committee

    Although Home Invest Belgium satisfies two of the three exclusion criteria reproduced in article 526 bis §3 of the Company Law1 and is therefore not required to set up such a Committee, the RREC’s Board of directors decided to set up an Audit Committee.

    It is chaired by Mr. Eric Spiessens, Independent director, and is composed of:

    • Wim Aurousseau, director, representative AXA Belgium;
    • Laurence de Hemptinne, Independent director;
    • Eric Spiessens, Independent director.

    It meets at least four times a year and whenever it deems this necessary in order to perform its duties.
    It is authorized to decide on the following matters:

    • Financial reporting: follow-up of the integrity and accuracy of the figures and the relevancy of the accounting standards applied;
    • Internal control and risk management: assessment of the internal control systems and risk management;
    • Internal audit process: assessment of the benefit of creating an internal audit function;
    • External audit process: recommendations with regard to the appointment or renewal of the mandate of the Auditor and his remuneration.
  • Appointment and remuneration committee

    This committee is composed of:

    • Laurence de Hemptinne, Independent director;
    • Eric Spiessens, Independent director;
    • Liévin Van Overstraeten, director;

    Home Invest Belgium wanted to combine the remuneration and appointment functions in a single committee, in accordance with the rules of conduct contained in the Belgian Corporate Governance Code (2009 edition).

  • Projects Committee

    On the 28th of June 2017, Home Invest Belgium absorbed its subsidiary Home Invest Development whose teams were more specifically tasked with monitoring the portfolio development and renovation projects. In order to ensure the monitoring of the specific risks linked to such projects, the Board of Directors set up a Project Committee. The members are:

    • Mr. Johan Van Overstraeten
    • Mr. Alain Verheulpen
    • Ms. Laurence de Hemptinne