Philips 2014 Annual Report Download - page 218

Sustainability statements 14.5
218 Annual Report 2014
prole
disclosure description cross-reference
opportunities, and adherence or compliance
with internationally agreed standards, codes
of conduct and principles
section 11.1, Board of Management
section 11.2, Supervisory Board
G4-46 The highest governance body’s role in
reviewing the eectiveness of the
organization’s risk management
processes for economic, environmental
and social topics
section 7.1, Our approach to risk management and
business control
section 10.3, Report of the Audit Committee
section 11.1, Board of Management
chapter 14, Sustainability statements - “Sustainability
governance”
G4-47 The frequency of the highest
governance body’s review of economic,
environmental and social impacts, risks,
and opportunities
section 7.1, Our approach to risk management and
business control
section 10.3, Report of the Audit Committee
section 11.1, Board of Management
chapter 14, Sustainability statements - “Sustainability
governance”
G4-48 The highest committee or position that
formally reviews and approves the
organization’s sustainability report and
ensures that all material Aspects are
covered
chapter 10, Supervisory Board report
chapter 14, Sustainability statements - “Sustainability
governance”
G4-49 The process for communicating critical
concerns to the highest governance
body
sub-section 5.2.7, Philips’ General Business Principles
renewed
section 7.1, Our approach to risk management and
business control
section 11.1, Board of Management
G4-50 The nature and total number of critical
concerns that were communicated to
the highest governance body and the
mechanism(s) used to address and
resolve them
sub-section 14.2.5, General Business Principles
G4-51 Linkage between compensation for
members of the highest governance
body, senior managers, and executives,
and the organization’s performance
section 10.2, Report of the Remuneration Committee
note 29, Information on remuneration
G4-52 The process for determining
remuneration;
Whether remuneration consultants are
involved
section 10.2, Report of the Remuneration Committee
section 11.1, Board of Management
section 11.2, Supervisory Board
note 29, Information on remuneration
G4-53
Mechanisms for shareholders and
employees to provide recommendations or
direction to the highest governance body
section 11.3, General Meeting of Shareholders
section 11.4, Meeting logistics and other information
section 11.5, Investor Relations
G4-54 The ratio of the annual total
compensation for the organization’s
highest-paid individual in each country
of signicant operations to the median
annual total compensation for all
employees (excluding the highest-paid
individual) in the same country
Philips does not consider this indicator relevant,
Philips makes an impact on local communities by the
salaries it pays its employees. Salaries are based on
industry norms as described in
General Business Principles.
G4-55 The ratio of percentage increase in
annual total compensation for the
organization’s highest-paid individual in
each country of signicant operations to
the median percentage increase in
annual total compensation for all
employees (excluding the highest-paid
individual) in the same country
Philips does not consider this indicator relevant,
Philips makes an impact on local communities by the
salaries it pays its employees. Salaries are based on
industry norms as described in
General Business Principles.
prole
disclosure description cross-reference
Ethics and integrity
G4-56 Internally developed statements of
mission or values, codes of conduct, and
principles relevant to economic,
environmental, and social performance
and the status of their implementation
sub-section 5.2.7, Philips’ General Business Principles
renewed
section 7.1, Our approach to risk management and
business control
See General Business Principles.
G4-57 The internal and external mechanisms
for seeking advice on ethical and lawful
behavior, and matters related to
organizational integrity, such as
helplines or advice lines
sub-section 5.2.7, Philips’ General Business Principles
renewed
section 7.1, Our approach to risk management and
business control
G4-58 The internal and external mechanisms
for reporting concerns about unethical
or unlawful behavior, and matters
related to organizational integrity, such
as escalation through line management,
whistleblowing mechanisms or hotlines
sub-section 14.2.5, General Business Principles