Philips has a two-tier board structure consisting of a Board of Management under the supervision of a Supervisory Board.
The executive management of Philips is entrusted to its Board of Management under the chairmanship of the President/CEO and consists of at least three members. The members of the Board of Management have collective powers and responsibilities. They share responsibility for the management of Philips, the deployment of its strategy and policies, and the achievement of its objectives and results.
The Board of Management is guided by the interests of Philips and its affiliated enterprises within the Philips Group, taking into consideration the interests of Philips’ stakeholders, and is accountable for the performance of its assignment to the Supervisory Board and the General Meeting of Shareholders.
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