We selected a Board of Management and a Supervisory Board to align with Dutch and international corporate governance best practices, ensure they have the expertise needed to understand current affairs and longer-term risks and opportunity, and offer a diverse representation.

 

The Corporate Governance and Nomination & Selection Committee assists the Supervisory Board by preparing the selection criteria and appointment procedure for members of the Board of Management and the Supervisory Board, periodically assessing the succession planning for the individual members of these boards and the interviews of potential candidates. The Committee reviewed and made a proposal to the Supervisory Board for updating the boards’ profile as well as the Supervisory Board skills and expertise matrix to reflect the areas that the Committee and Supervisory Board regard to be most relevant for Signify to address today’s needs and those anticipated for the future. The Board of Management and the Supervisory Board comprise two-thirds men and one-third women, in line with the company’s diversity objectives  to have at least 30% are men and at least 30% are women on the board.