ANNUAL REPORT

CORPORATE GOVERNANCE
The Belgian Corporate Governance Committee formed by the Belgian Banking, Finance and Insurance Commission (“CBFA”),
Euronext Brussels and the Federation of Belgian Enterprises published on December 9, 2004 a Code on Corporate Governance, as
amended and restated on March 12, 2009, which is a code of best practice containing recommendations and applying to listed
companies on a non-binding basis. In accordance with the Code, RHJI adopted a Corporate Governance Charter which may be viewed
on RHJI’s website at www.rhji.com (1) . The Corporate Governance Charter describes the main aspects of the rules and practices under
which RHJI operates and by which shareholders can expect RHJI to operate.
This section summarizes the corporate governance structure of RHJI and provides certain factual information that the Belgian Code
on Corporate Governance recommends to be included in this Annual Report (2) . The section also contains some information required by
Article 34 of the Belgian Royal Decree of 14 November 2007 concerning the obligations of listed issuers to disclose information.
(1) The current Corporate Governance Charter of RHJI was adopted before the publication of the new version of the Belgian Code on Corporate Governance. While the Charter is
substantially in compliance with the new version of the Belgian Code on Corporate Governance (subject to what is said in footnote 2 below), it is however being reviewed and
will be subject to some adjustments to take into account this new version. References, in this “Corporate Governance” section, to the “Belgian Code on Corporate
Governance” are to such Code in its December 2004 version.
(2) This “Corporate Governance” section does not yet reflect new recommendations contained in the new version of the Belgian Code on Corporate Governance. Such
recommendations are being reviewed and will be reflected, as appropriate, in the next Annual Report (relating to the fiscal year ending March 31, 2010).
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