Corporate Governance Charter

Anheuser-Busch InBev is committed to achieving the highest standards of Corporate Governance. For Anheuser-Busch InBev, the issue is twofold. Corporate Governance concerns both the effectiveness and the accountability of the Board of Directors.

Effectiveness, and therefore the quality of leadership and direction that the Board provides, is measured by performance. Ultimately reflected in enhanced shareholder value.

Accountability, including all the issues surrounding disclosure and transparency, is what provides legitimacy to the Board's action. Shareholders elect directors to run the company on their behalf, the Board is accountable to shareholders for its actions.

As a company incorporated under Belgian law and listed on Euronext Brussels, Anheuser-Busch InBev adheres to the principles and provisions of the 2009 Belgian Corporate Governance Code, taking into account its specific status as a multinational group. Further to the New York Stock Exchange listing of ADS’s representing ordinary shares of Anheuser-Busch InBev, the New York Stock Exchange Corporate Governance rules for Foreign Private Issuers are applicable to the company. According to these rules, the company discloses in item 16G of its annual report on Form 20-F any significant ways in which its Corporate Governance practices differ from those followed by companies listed on the NYSE. Finally, Anheuser-Busch InBev has registered with the United States Securities and Exchange Commission (“SEC”). As a result, it is subject to the Sarbanes-Oxley Act of 2002 and to rules of the SEC relating to corporate governance.

The Anheuser-Busch InBev rules of Corporate Governance have been established by the Anheuser-Busch InBev Board of Directors to support its ambitions for the company. As part of these rules, Anheuser-Busch InBev has adopted a Code of Conduct, including a Code of Share Dealing as a publicly traded company.

This Corporate Governance Charter aims at providing a comprehensive and transparent disclosure of the company's governance. It will be continuously update as required.

In addition, the company will provide, in its annual report, factual information with respect to its Corporate Governance and any modifications thereto, together with details of relevant events that took place during the year.

Download the PDF file (346 KB - latest update January 2012)