This paper assesses the consequences of the 2002 Belgian Corporate Governance reform on the organisational behavior of listed companies. First, the companies that have split the unitary board in a board of directors and a management board are studied. Next, the election of independent board members is assessed. Third, the uncertainties concerning the audit committee are highlighted. Section four briefly analyses how many articles of incorporation explicitly mandated the board to set up board committees. The introduction of the record date and of the written general meeting is studied insection five. Section six concludes and proposes some modifications to optimize the Belgian legal corporate governance framework.