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3. Corporate Governance Statement

3.13 Comply or explain principle (application of article 3:6, §2, 2° of the BCCA)

3.13 Comply or explain principle (application of article 3:6, §2, 2° of the BCCA)

The Remuneration report (see above) explains how section 7 of the 2020 Code is being applied. UCB’s policy relating to the Board compensation deviates from the rules in this section to the extent UCB non-executive Board members are not compensated in shares (rule 7.6 of the 2020 Code).