Solvay is a multi-specialty chemical company, committed to developing chemistry that addresses key societal challenges. Solvay innovates and partners with customers in diverse global end markets. Its products and solutions are used in planes, cars, smart and medical devices, batteries, in mineral and oil extraction, among many other applications promoting sustainability.
As a company headquartered in Belgium with a commitment to the highest standards of corporate governance, the Board of Directors of Solvay SA (“Solvay” or the “Company”) adopted a Charter of Corporate Governance (the “Charter”) on December 13, 2016. The Charter is available on the Company’s website and describes the main aspects of the corporate governance of the Solvay group (the “Group”), including its governance structure, and the internal rules of the Board of Directors, the Executive Committee, and other committees set up by the Board of Directors.The Group applies the principles set forth in the 2009 Belgian Corporate Governance Code, which is its reference code in governance matters. The 2009 Belgian Corporate Governance Code is available on the Belgian Corporate Governance Committee website.This Corporate Governance Statement with respect to 2016 applies the recommendations of the 2009 Belgian Corporate Governance Code, in accordance with the “comply or explain” principle.In accordance with this principle, none of the rules described in this Corporate Governance Statement depart from the 2009 Belgian Corporate Governance Code.