Philips 2013 Annual Report Download - page 109

9 Supervisory Board report 9 - 9
Annual Report 2013 109
Committee. The function of the committees is to
prepare the decision-making of the full Supervisory
Board, and the committees currently have no
independent or assigned powers. The full Board retains
overall responsibility for the activities of its committees.
The separate reports of the committees are part of this
Supervisory Board report and are published below.
Financial Statements 2013
The financial statements of the company for 2013, as
presented by the Board of Management, have been
audited by KPMG Accountants N.V. as independent
external auditor appointed by the General Meeting of
Shareholders. Its reports have been included in the
section Group financial statements; section 11.10,
Independent auditor’s report - Group, of this Annual
Report and the section Company financial statement;
section 12.5, Independent auditor’s report - Company,
of this Annual Report. We have approved these
financial statements, and all individual members of the
Supervisory Board (together with the members of the
Board of Management) have signed these documents.
We recommend to shareholders that they adopt the
2013 financial statements. We likewise recommend to
shareholders that they adopt the proposal of the Board
of Management to make a distribution of EUR 0.80 per
common share (up to EUR 740 million), in cash or in
shares at the option of the shareholder, against the net
income for 2013.
Finally, we would like to express our thanks to the
members of the Executive Committee and all other
employees for their continued contribution during the
year. In particular, we would like to express our sincere
appreciation to Eric Coutinho, our Chief Legal Officer
and General Secretary, who will retire in 2014. We wish
him all the best for the future.
February 25, 2014
The Supervisory Board
Jeroen van der Veer
Kees van Lede
Heino von Prondzynski
Jackson Tai
James Schiro
Ewald Kist
Christine Poon
Neelam Dhawan
Further information
For a better understanding of the responsibilities of the
Supervisory Board and for internal regulations and
procedures for its functioning and that of its
committees, please refer to chapter 10, Corporate
governance, of this Annual Report and to the following
documents published on the company’s website:
• Articles of Association
• Rules of Procedure Supervisory Board, including the
Charters of the Board committees
• Rules of Conduct with respect to Inside Information
• (Re)appointment scheme
Changes Supervisory Board and committees
2013
• Christine Poon, James Schiro and Jeroen van der
Veer have been reappointed as a member of the
Supervisory Board.
Changes and reappointments Supervisory
Board 2014
• It is proposed to appoint Orit Gadiesh as a member of
the Supervisory Board.*
* Subject to approval of appointment by the
General Meeting of Shareholders.
Changes Management 2014
• Eric Coutinho, Chief Legal Ocer and General
Secretary will retire on April 30, 2014. He will be
succeeded by Marnix van Ginneken (currently
Philips' Head of Group Legal).