Corporate Governance

For many years Philips has pursued a consistent policy to enhance and improve its corporate governance in line with US, Dutch and international (codes of) best practices.
In its two-tier corporate structure, the executive management is entrusted to the Board of Management under the supervision of the independent Supervisory Board.

Articles of Association

In case of a conflict between the Dutch version and the English translation of the Articles of Association, the Dutch text shall prevail.

Philips' Auditor

The external auditor is appointed by the General Meeting of Shareholders



The members of the Philips Executive Committee share powers and responsibilities for managing the Company.

Supervisory Board

The Supervisory Board supervises the policies of the executive management and the general course of affairs of Philips and advises the executive management thereon.

Philips Tax Principles

+ Philips Tax Principles

Philips supports, among others, global initiatives of the Organization for Economic Cooperation and Development (OECD) and United Nations (UN) to promote tax transparency and responsible tax management, taking into account the interest of various stakeholders, such as governments, shareholders, customers and the communities in which Philips operates. To this end, and as part of Philips’ objective to continuously improve and enhance its corporate governance, Philips has formalized the following Tax Principles. These principles reflect the importance of tax in advancing local and global development.

Differences between NYSE and Dutch Corporate Governance Rules