Corporate Governance Statement

InBev is committed to achieving the highest standards of Corporate Governance. For 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, InBev adheres to the principles and provisions of the Belgian Corporate Governance Code, taking into account its specific status as a multinational group.

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

This Corporate Governance Statement 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 (500 KB - latest update June 2008)