The Board of Management is entrusted with the management of Koninklijke Philips N.V. Certain key officers have been appointed to support the Board of Management in the fulfilment of its managerial duties. The members of the Board of Management and these key officers together constitute the Executive Committee. Under the chairmanship of the President/Chief Executive Officer (CEO), they drive the company’s management agenda and share responsibility for the continuity of the Philips group, focusing on long-term value creation and taking into account the interests of shareholders and other stakeholders.
The Rules of Procedure for the Board of Management and Executive Committee include provisions regarding meetings, resolutions, minutes, (vice) chairmanship, trading in securities and conflicts of interests.