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Philips has a two-tier board structure consisting of a Board of Management and a Supervisory Board, each of which is accountable to the General Meeting of Shareholders. In managing Philips, the Board of Management is supported by certain key officers, together constituting the Executive Committee.
We are committed to delivering the highest-quality products, services and solutions compliant with all applicable laws and standards.
Our remuneration policy is designed to encourage employees to deliver on our purpose and strategy and create stakeholder value, and to motivate and retain them. Our executive long-term incentive plan includes environmental and social commitments.
Our risk management is designed to provide reasonable assurance that strategic and operational objectives are met, legal requirements complied with, and the integrity of the company’s reporting and related disclosures safeguarded.
At Philips, our General Business Principles set the standard for acting with integrity. They govern all our decisions and actions throughout the world and apply equally to our group actions and to our conduct as individuals.
We are transparent about our plans, activities, results and contributions to society (e.g. tax reporting), and engage with shareholders, customers, business partners, governments and regulators through a variety of platforms.
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