LLBG considers corporate governance as an absolute necessity for a strong, growing family business. Therefore, LLBG has further professionalized and expanded its governance in the past ten years. During the transition to the third generation, the LLBG holding company has been created in which all the companies of the group were brought together.
The LLBG family holding directly owns all the shares in the ‘Milling Division’ and the ‘Bakery Divisions’. That structure guarantees simplicity and transparency for all financial stakeholders. Main financial objectives are long-term value creation and qualitative growth through innovation, continuous investments and entrepreneurship. LLBG publishes consolidated annual accounts since 2008.
Board of directors
The LLBG board of directors is composed of 4 family directors (1 per family branch) and 2 independent directors. The chairman of the board of directors has been chosen amongst the independent directors. The relationships between shareholders, the board of directors and operational management have been clearly defined as part of a Family Governance Charter.
- Luc Van Nevel (Chairman)
- Anthony Vanherpe
- Guido Vanherpe (Managing Director)
- Katrien Vanherpe
- Mathieu Vanherpe
- Rika Coppens
- Rudy Broeckaert