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.

 
Corporate Governance Report

Philips addresses its overall corporate governance structure in this report.

 
 
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.

 

Board of Management

The executive management of Philips is entrusted to its Board of Management under the chairmanship of the President/CEO. The members of the Board of Management have collective powers and responsibilities.

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.

Group Management Committee

The Group Management Committee is the highest consultative body within Philips, it ensures that business issues and practices are shared across Philips implements common policies.

 

For further information on Philips refer also to the filings with the Dutch Trade Register.

 
 
Philips' Auditor

The external auditor is appointed by the General Meeting of Shareholders