Philips 2010 Annual Report Download - page 116
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8 Board of Management 8 - 8
116 Annual Report 2010
8Board 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 chapter 12, Corporate
governance, of this Annual Report.
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: Design, Human Resources
Management, Internal Audit, Legal/Compliance/GBP,
Marketing & Communication, Strategy
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, Corporate Investments,
Fiscal, Information Technology, Investor Relations, Mergers
& Acquisitions, New Venture Integration, Pensions, Real
Estate, Supply Management, Treasury