The Executive Board is responsible for achieving the company’s aims, the strategy and associated risk profile, the development of results and sustainability.
Structure and appointment
Candidates for the Executive Board are selected and nominated by the Supervisory Board, but are appointed by the General Meeting of Shareholders. The full procedure for appointment and dismissal of members of the Executive Board can be found in article 15 of the Articles of Association, see the Policies & Articles section. An overview of the current composition of the Executive Board can be found in the Management section.
Responsibilities and accountability
The Executive Board is collectively responsible for the management and performance of Wolters Kluwer. The Chair of the Executive Board takes the lead in this, and is the main point of liaison for the Supervisory Board. The Executive Board is accountable to the Supervisory Board and to the General Meeting of Shareholders. More details about the Executive Board's responsibilities, duties and powers, can be read in the Executive Board By-Laws in the Policies and Articles section.
The remuneration of the Executive Board is determined by the Supervisory Board, based on the remuneration policy approved by the General Meeting of Shareholders. Changes to the remuneration policy for the Executive Board, including the terms of the Long-Term Incentive Plan (LTIP), were most recently adopted by the Annual General Meeting of Shareholders in 2021. The remuneration policy for the members of the Executive Board is intended to remain in place for four years (i.e. through 2024). More information on the remuneration policy and its application can be found in the Remuneration Report, included in the 2020 Annual Report.