Philips 2008 Annual Report Download - page 110

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Board of Management
The Board of Management operates under the chairmanship of the
President/Chief Executive Officer. The members of the Board of
Management have collective powers and responsibilities. They share
responsibility for the management of Koninklijke Philips Electronics N.V.
(the ‘Company’), the deployment of its strategy and policies, and the
achievement of its objectives and results. The Board of Management has,
for practical purposes, adopted a division of responsibilities reflecting the
functional and business areas monitored and reviewed by the individual
members. In accordance with the Company’s corporate objectives and
Dutch law, the Board of Management is guided by the interests of the
Company and its affiliated enterprises within the Group, taking into
consideration the interests of the Company’s stakeholders, and is
accountable for the performance of its assignment to the Supervisory
Board and the General Meeting of Shareholders. The Rules of Procedure
of the Board of Management are published on the Company’s website
(www.philips.com/investor).
Corporate governance
A full description of the Company’s corporate governance structure is
published in the chapter Corporate governance of this Annual Report.
Our leadership
Gerard Kleisterlee
1946, Dutch
President/Chief Executive Officer (CEO) and Chairman of the
Board of Management and the Group Management Committee
President/CEO and Chairman of the Board of Management
since April 2001, member of the Board of Management since
April 2000 and member of the Group Management
Committee since January 1999
Corporate responsibilities: Communications, Internal Audit,
Legal/Compliance/GBP, Human Resources Management,
Marketing, Technology Management
Pierre-Jean Sivignon
1956, French
Executive Vice-President and Chief Financial Officer (CFO)
CFO and member of the Board of Management and the Group
Management Committee since June 2005
Corporate responsibilities: Control, Treasury, Fiscal,
Mergers & Acquisitions, Investor Relations, Information
Technology, Pensions, Real Estate, Corporate Investments,
Supply Management, New Venture Integration
Philips Annual Report 2008110
42
Our group performance
18
We care about...
8
Message from
the President
6
Performance highlights
14
Who we are