Philips 2010 Annual Report Download - page 138

12 Corporate governance 12.5 - 12.5
138 Annual Report 2010
Only bearer shares are traded on the stock market of Euronext
Amsterdam. Only shares of New York Registry are traded on the New
York Stock Exchange. Bearer shares and registered shares may be
exchanged for each other. Since certain shares are held by brokers and
other nominees, these numbers may not be representative of the actual
number of United States beneficial holders or the number of Shares of
New York Registry beneficially held by US residents.
The provisions applicable to all corporate bonds that have been issued
by the Company in March 2008 contain a ‘Change of Control Triggering
Event’. This means that if the Company experienced such an event with
respect to a series of corporate bonds the Company might be required
to offer to purchase the bonds of that series at a purchase price equal to
101% of their principal amount, plus accrued and unpaid interest, if any.
Corporate seat and head office
The statutory seat of the Company is Eindhoven, the Netherlands, and
the statutory list of all subsidiaries and affiliated companies, prepared in
accordance with the relevant legal requirements (Dutch Civil Code,
Book 2, Sections 379 and 414), forms part of the notes to the
consolidated financial statements and is deposited at the office of the
Commercial Register in Eindhoven, the Netherlands (file no.
17001910).
The executive offices of the Company are located at the Breitner
Center, Amstelplein 2, 1096 BC Amsterdam, the Netherlands,
telephone [phone].
Compliance with the Dutch Corporate Governance Code
In accordance with the governmental decree of December 10, 2009,
the Company fully complies with the Dutch Corporate Governance
Code and applies all its principles and best practice provisions that are
addressed to the Board of Management and the Supervisory Board,
with the temporary exception of provision II.1.8 to the extent of the
board position held and accepted by Mr Kleisterlee, also in view of his
resignation as of April 1, 2011. The full text of the Dutch Corporate
Governance Code can be found at the website of the Monitoring
Commission Corporate Governance Code
(www.commissiecorporategovernance.nl).
February 17, 2011