The Corporate Governance and Nomination & Selection Committee reviews the corporate governance principles applicable to Philips. It also (a) draws up selection criteria and appointment procedures for members of the Supervisory Board, the Board of Management and the Group Management Committee; (b) assesses the size and composition of the Supervisory Board, the Board of Management and the Group Management Committee, makes proposals for a composition profile of the Supervisory Board; (c) assesses the functioning of individual members of the Supervisory Board, the Board of Management and the Group Management Committee; (d) consults with the President/CEO and the Board of Management on candidates to fill vacancies on the Supervisory Board, the Board of Management and the Group Management Committee. It further supervises the policy of the Board of Management on the selection criteria and appointment procedures for Philips Executives. The report of the Corporate Governance and Nomination & Selection Committee is included in the Supervisory Board Report. Members J.M. Thompson Vice-chairman of the Supervisory Board J.J. Schiro Member of the Supervisory Board
J. van der Veer
Member of the Supervisory Board |